Hearings
- Examining the Policies and Priorities of the Pension Benefit Guaranty Corporation (March 20, 2024)
- Taking a Serious Look at the Retirement Crisis in America: What Can We Do to Expand Defined Benefit Pension Plans for Workers? (February 28, 2024)
- Protecting American Savers and Retirees from DOL’s Regulatory Overreach (February 15, 2024)
- Examining the DOL Fiduciary Rule: Implications for Retirement Savings and Access (January 10, 2024)
Legislative Proposals
National Savings Proposals
- To view side-by-side comparison of provisions of the Hickenlooper and Neal universal access bills, click here (login required).
Other Reform Proposals
Legislative Proposals
Expanding Access to Capital Act of 2023
HOUSE BILL
Introduced as H.R.7511 by Representative Patrick McHenry (R-NC) on April 24, 2023 and passed the House on March 8, 2024. This bill seeks to make reforms to the capital markets of the United States. It allows 403(b)s to invest in collective investment trusts, among other provisions.
Source: Congress.gov.
The Automatic IRA Act of 2024
HOUSE BILL
Introduced as H.R.7293 by Representative Richard Neal (D-MA) on February 7, 2024.
This bill seeks to establish a federal auto-IRA for employers with more than 10 employers that do not currently sponsor a retirement plan. This bill would require employees be automatically enrolled in an IRA or some other qualified plan such as a 401(k).
Source: Bill summary here.
The 401Kids Savings Act of 2024
SENATE BILL
Introduced as S 3716 by Senator Robert Casey (D-PA) on January 31, 2024.
This bill seeks to establish a children’s savings account (CSAs) for every single child in the United States. Funds from accounts could be used for post-secondary education, starting a business, buying a house, or retirement security.
Source: Congress.gov.
HOUSE BILL
Introduced as H.R.7162 by Representative Don Beyer (D-VA) on January 31, 2024.
This bill seeks to establish a children’s savings account (CSAs) for every single child in the United States. Funds from accounts could be used for post-secondary education, starting a business, buying a house, or retirement security.
Source: Congress.gov.