An adjustment assembly and adjustable steering column including a linearly slidable actuating lever are provided. The actuating lever is slidable between a first position and a second position along a linear travel path. The actuating lever includes an engaging portion which engages a gear assembly. The gear assembly is connected to a clamping mechanism. The clamping mechanism is configured to apply or release a clamping force on a steering column or other component. Movement of the actuating lever between the first and second positions causes rotation of the gear assembly. Rotation of the gear assembly causes the clamping mechanism to apply or release the clamping force, depending on the direction of rotation. The adjustment assembly also includes a rake bracket to support a compression bracket. The compression bracket supports the component or steering column