May 27, 2019
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Today we observe Memorial Day. Elmer Davis was a news reporter, author, the Director of the United States Office of War Information during World War II and a Peabody Award recipient. He once famously said, "This nation will remain the land of the free only so long as it is the home of the brave."
State Chamber Update
Anyone that knows the State Chamber, understands that our membership is comprised of businesses representing every imaginable industry and of every size. And, many of our small business members struggle to offer competitive benefits packages to attract and retain employees. It was heartening, therefore, to see Congress move closer to enacting The Secure Act (as it is known in the U.S. House). This bill would make it “easier for small businesses to band together to offer 401(k) plans and eliminate the maximum contribution age on traditional individual retirement accounts (currently 70½ ).” This bill now moves to the Senate where the companion measure, known as the “Retirement Enhancement and Savings Act” or RESA, has provisions that largely mirror the recently passed House version. However, the Senate bill “does not include some of the Secure Act (House Bill) proposals, including an increase in the age for required minimum distributions (RMD’s) and the requirement that companies provide 401(k) access to part-time workers.” 

I think bills like this address a personal finance need while helping small employers’ band together and compete for talent.  Click here to read more from CNBC.
News You Can Use
This short week has very little planned economic news. On Tuesday, the Case-Shiller home price index for the month of March will be released, and on Friday, personal income and consumer spending for the month of April are due out.  
Michael J. Quaranta
President
Delaware State Chamber of Commerce
A member for over 45 years, Wright & Simon is dedicated gratefully and with joy to the men of Delaware and its neighbors, Wright & Simon has for over 75 years built an outstanding men’s clothing store. Master tailors, fitters, and alteration experts of high repute and long experience ensure that all work meets the highest expectations of their crafts.
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