WTF? Congress approves bill to block states & cities from creating retirement...

[elysianfields]

plans for people who don't have them:

https://www.nytimes.com/2017/03/30/business/labor-department-retirement-savings-account.html

The President is expected to sign the bill.

[Norioch]

Republicans are in favor of states' rights, except when states try to do things they don't like. "Things they don't like" includes anything that might slightly reduce corporate profits.

[Just Joe]

So would I be wrong to assume that Trump's administration wants employers/employees to be forced to use a for-profit retirement option? Something with alot of management fees?

[Spork]

I'm not sure I'd want the whole "automatically enroll private-sector workers in retirement plans unless they opt out" thing.  I'm not sure it's the Fed's business if states/locals do it... but I don't like the idea of automatic enrollment.  I suspect there would be scope creep over time.