GOP SAVINGS RECOVERY ACT HELPS AMERICANS REBUILD THEIR SAVINGS
Millions of Americans have watched with anxiety in the past year as the 
value of their 401(k)s, college savings plans and other vital savings accounts have plummeted, and savings and investment loss is the number-one economic issue on the minds of worried American families in today’s recession.
According to a March 2009 National Public Radio (NPR) survey conducted by Public Opinion Strategies/Greenberg Quinlan Rosner, Americans’ concern about decline in the stock market and investment losses trumps even their concerns about losing their jobs in the current economy.
But instead of taking action to help Americans rebuild their savings as quickly as possible, Washington is pursuing policies that are causing Americans’ savings to evaporate even more quickly. Some are even proposing to wipe out 401(k)s entirely, replacing them with government-run accounts that put bureaucrats in charge of savings decisions instead of families.
Republicans have unveiled the Savings Recovery Act to help Americans protect and rebuild their hard-earned savings as quickly as possible while making sure the federal government does not hinder the process.
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