Member SECURE Act

Hozzl · 2022-12-29T18:33:50Z

Explore the details of House Bill 8623 Member SECURE Act currently in Congress. Get insights into its purpose, current status, sponsors, and potential impact on Congress. Stay informed on legislative developments.

12/29/2022, 6:33 PM

Summary of Bill HR 8623

Bill 117 HR 8623, also known as the Member SECURE Act, is a piece of legislation currently being considered by the US Congress. The main goal of this bill is to enhance retirement security for members of Congress and their staff.

One key provision of the Member SECURE Act is the establishment of a new retirement savings plan for congressional employees. This plan would allow these individuals to contribute a portion of their salary to a retirement account, with the option for employer matching contributions. This is aimed at helping congressional staff members save for their future and ensure they have a secure retirement.

Additionally, the bill includes provisions to increase transparency and accountability in the retirement plans available to members of Congress. This includes requiring regular reporting on the performance and fees associated with these plans, as well as ensuring that members are not receiving any special treatment or benefits not available to the general public. Overall, the Member SECURE Act seeks to improve retirement security for congressional employees and ensure that they have access to the same retirement benefits and protections as other American workers. This bill is currently under consideration in Congress and may undergo further revisions before potentially being passed into law.

Congressional Summary of HR 8623

Member Security Clearance Updates Required for Everyone Act or the Member SECURE Act

This bill restricts Members of Congress who do not hold a top secret (or higher) security clearance from accessing information classified at the Sensitive Compartmented Information level. The bill also requires the Sergeant at Arms and Doorkeeper of the Senate and the Sergeant at Arms of the House of Representatives to implement information systems that enable Members of Congress and staff with appropriate security clearances to securely access classified information.

Read the Full Bill

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Current Status of Bill HR 8623

Bill HR 8623 is currently in the status of Bill Introduced since July 29, 2022. Bill HR 8623 was introduced during Congress 117 and was introduced to the House on July 29, 2022. Bill HR 8623's most recent activity was Referred to the House Committee on House Administration. as of July 29, 2022

Bipartisan Support of Bill HR 8623

Total Number of Sponsors

Democrat Sponsors

Republican Sponsors

Unaffiliated Sponsors

Total Number of Cosponsors

Democrat Cosponsors

Republican Cosponsors

Unaffiliated Cosponsors

Policy Area and Potential Impact of Bill HR 8623

Primary Policy Focus

Congress

Alternate Title(s) of Bill HR 8623

Member SECURE Act

Member Security Clearance Updates Required for Everyone Act

To require that Members of Congress hold a security clearance at the level of top secret or higher to obtain access to Sensitive Compartmented Information, and for other purposes.