Foxx, Scott Hear From Business Leaders, Advocates, and Youth About Importance of Employing Opportunity Youth

Today, Chairwoman Virginia Foxx (NC-05), along with Ranking Member Bobby Scott (VA-03) hosted a bipartisan panel discussion with business leaders, advocates, and youth on the return on investment in hiring opportunity youth, barriers to hiring opportunity youth, and employer-led solutions to youth unemployment. Nearly 5 million young people, aged 16 to 24, are out of school and work. Many of these young people–whether they have personal barriers, such as involvement in the juvenile or criminal j...

Chairwoman Foxx Opening Statement: Markup of H.R. 2823, the Affordable Retirement Advice for Savers Act

After decades of hard work, retirement should be a time to spend with family and grandchildren, explore new hobbies, and simply enjoy life. But today, Americans across the country are having a hard time putting enough money aside for their retirement years. It can be very challenging. Many individuals don’t even know where to begin, and so they turn to a trusted financial advisor to help them plan for the future. Here in Washington, we need to do everything we can to empower more Americans to re...

Statement by Rep. Phil Roe (R-TN): Markup of H.R. 2823, the Affordable Retirement Advice for Savers Act

For years, the Committee on Education and the Workforce has been fighting to preserve access to affordable retirement advice. Since the Obama administration first proposed changes to the policies governing retirement advice, we’ve led oversight efforts here in Congress. As the former chairman of the subcommittee on Health, Employment, Labor, and Pensions, I presided over a number of hearings where we heard firsthand how this new rule will jeopardize small business retirement plans, make it harde...

Committee Approves Legislation to Repeal Fiduciary Rule, Strengthen Protections for Retirement Savers

Today, the House Committee on Education and the Workforce, chaired by Rep. Virginia Foxx (R-NC), approved the Affordable Retirement Advice for Savers Act (H.R. 2823). Introduced by Rep. Phil Roe (R-TN), the legislation protects access to affordable retirement advice by overturning the Obama administration’s fiduciary rule while requiring retirement advisors to serve the best interests of their clients. Following the markup, members released the following statements: “A rule requiring sound retir...

Chairwoman Foxx Opening Statement: Hearing on “ESSA Implementation: Exploring State and Local Reform Efforts”

ESSA can be considered a milestone for K-12 policy because it was a monumental shift in the role states and school districts would have in the future of education. ESSA sought to achieve two specific goals for K-12 education: autonomy and accountability. States and school districts were given new independence when creating a K-12 education program that works best for their own students, ending a “Washington knows best” approach to education. Additionally, ESSA specifically prohibited the federal...

Autonomy, State-Driven Accountability Remain Focus of Committee Hearing on Implementation of the Every Student Succeeds Act

The House Committee on Education and the Workforce held a hearing today to discuss the progress of state implementation of the Every Student Succeeds Act (ESSA). ESSA, passed in December 2015 to replace No Child Left Behind, returned significant autonomy to states and school districts. “ESSA can be considered a milestone for K-12 policy because it was a monumental shift in the role states and school districts would have in the future of education,” said Rep. Virginia Foxx (R-N.C.), chairwoman of...

THIS WEEK: Markup of Fiduciary Legislation, Hearing on ESSA Implementation

On Wednesday, July 19 at 2:30 p.m., the House Committee on Education and the Workforce, chaired by Rep. Virginia Foxx (R-NC), will mark up the Affordable Retirement Advice for Savers Act (H.R. 2823). Introduced by Rep. Phil Roe (R-TN), the legislation would protect access to affordable retirement advice by overturning the Obama administration’s fiduciary rule while ensuring retirement advisors serve their clients’ best interests. Upon announcement of the markup, Chairwoman Foxx said: “For years,...

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