Commenting on the House Savings Recovery Act introduced this week, Rep. Ed Royce (R-Calif.) said, “Along with our struggling economy, over the past 16 months, millions of Americans have seen their personal savings and retirement accounts hit hard. Americans should be given every opportunity to help rebuild their savings. “

Royce continued: “If our economy is going to experience long-term sustainable growth going forward, we have to encourage savings and investment. This is a step toward getting capital back into the financial system and putting our country on the path back to recovery.”

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