“It has long been said the only things in life that are certain are death and taxes. Automatic enrollment for insurance of 401k loans would add an additional certainty. Fewer Americans would suffer the unnecessary loss of retirement savings due to unanticipated and untimely misfortune in an already stressful time of need.”

American businesswoman and former government official

Elaine Chao is an American businesswoman and former government official. She served as U.S. secretary of labor from 2001 to 2009 under George W. Bush, and as U.S. secretary of transportation from 2017 to 2021 in Donald Trump’s first administration. She is a Republican and the wife of U.S. senator Mitch McConnell. Chao was the first Asian-American woman to serve in a presidential cabinet. Her public career is defined by top roles in the federal government, including labor and transportation, and she resigned as transportation secretary after the January 6 attack on the U.S. Capitol.