Hearings
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Legislative Proposals
National Savings Proposals
- To view federal legislation proposing national savings solutions, see prior sessions.
- To view side-by-side comparison of provisions of the Hickenlooper and Neal universal access bills from prior year, click here (login required).
Other Reform Proposals
- Universal Savings Accounts Act
- Retirement Savings for Americans Act
- The American Worker Retirement Plan
- Worker Relief and Credit Reform Act of 2025
- Women’s Retirement Protection Act
- Protecting Americans’ Retirement Savings Act (PARSA)
- WISH Act
- Social Security Expansion Act
- Bill on the Provision of Portable Benefits
- The Retirement Fairness for Charities and Education Institutions Act
- Protecting Social Security Act
- The Social Security Fairness Act
Legislative Proposals
Universal Savings Accounts Act
Introduced as S. 1581 by Sen. Ted Cruz (R-TX) on May 1, 2025.
This bill would establish Universal Savings Accounts, which would be tax-advantaged savings accounts that participants could save, invest, and withdraw from for any reason, with a total contribution limit of $25,000.
Source: Congress.gov
Retirement Savings for Americans Act
SENATE BILL
Introduced as S. 1526 Sens. John Hickenlooper (D-CO) and Thom Tillis (R-NC) on April 30, 2025.
This bill would establish a retirement account for employees without access to an employer-sponsored retirement plan, creating a government-sponsored automatic enrollment retirement plan.
Source: Congress.gov
HOUSE BILL
Introduced as H.R. 2696 by Reps. Lloyd Smucker (R-PA) and Terri Sewell (D-AL) on April 7, 2025.
The American Worker Retirement Plan
Introduced as H.R. 2696 by Rep. Lloyd Smucker (R-PA) on April 7, 2025.
This bill would establish the American Worker Retirement Plan, which would improve the financial security of working Americans by facilitating the accumulation of wealth.
Source: Congress.gov
Worker Relief and Credit Reform Act of 2025
Introduced as H.R. 2338 by Representative Gwen Moore (D-WI) on March 25, 2025.
This bill would amend the Internal Revenue Code of 1986 to expand and improve the earned income tax credit.
Source: Congress.gov
Women’s Retirement Protection Act
SENATE BILL
Introduced as S. 988 by Sen. Tammy Baldwin (D-WI) on March 12, 2025.
This bill would amend the Employee Retirement Income Security Act of 1974 to provide for greater spousal protection under defined contribution plans, and for other purposes.
Source: Congress.gov
HOUSE BILL
Introduced as H.R. 2023 by Rep. Lauren Underwood (D-IL) on March 11, 2025.
This bill would amendment the Employee Retirement Income Act of 1974 to provide for greater spousal protection under defined contribution plans, and for other purposes.
Source: Congress.gov
Protecting Americans’ Retirement Savings Act (PARSA)
SENATE BILL
Introduced as S. 928 by Senator Jim Banks (R-IN) on March 11, 2025.
This bill would amend the Employment Retirement Income Security Act of 1974 to prohibit plan investments in foreign adversary and sanctioned entities, require disclosure of existing investments in such entities, and for other purposes.
Source: Congress.gov
HOUSE BILL
Introduced as H.R. 2067 by Representative John Moolenaar (R-MI) on March 11, 2025.
This bill would amend the Employment Retirement Income Security Act of 1974 to prohibit plan investments in foreign adversary and sanctioned entities, require disclosure of existing investments in such entities, and for other purposes.
Source: Congress.gov
WISH Act
Introduced as H.R. 2082 by Representative Thomas Suiozzi (D-NY) on March 11, 2025.
This bill would amend title II of the Social Security Act, primarily to provide for long-term care insurance benefits.
Source: Congress.gov
Social Security Expansion Act
SENATE BILL
Introduced as S. 770 by Senator Bernie Sanders (I-VT) on February 27, 2025.
This bill is intended to enhance Social Security benefits and ensure the long-term solvency of the Social Security program through edits made to benefits, computation of cost-of-living, taxation and the establishment of a Social Security Trust Fund.
Source: Congress.gov
HOUSE BILL
Introduced as H.R. 1700 by Representative Val Hoyle (D-OR) on February 27, 2025.
This bill is intended to enhance Social Security benefits and ensure the long-term solvency of the Social Security program through edits made to benefits, computation of cost-of-living, taxation and the establishment of a Social Security Trust Fund.
Source: Congress.gov
Bill on the Provision of Portable Benefits
Introduced as H.R. 1320 by Representative Kevin Kiley (R-CA) on February 13, 2025.
This bill would ensure that the provision of portable benefits to an individual is not considered in determining whether such individual is an employee of a person.
Source: Congress.gov
The Retirement Fairness for Charities and Education Institutions Act
SENATE BILL
Introduced as S. 424 by Senators Katie Britt (R-AL), Raphael Warnock (D-GA), Bill Cassidy (R-LA) and Gary Peters (D-MI) on February 6, 2025.
This bill would allow 403(b) plans to include collective investment trusts and insurance contracts as part of their investment options, in addition to the 401(k) plans that currently offer these investment options.
Source: Congress.gov
HOUSE BILL
Introduced as H.R. 1013 by Representatives Frank Lucas (R-OK), Bill Foster (D-IL) and Andy Barr (R-KY) on February 5, 2025.
This bill would allow 403(b) plans to include collective investment trusts and insurance contracts as part of their investment options, in addition to the 401(k) plans that currently offer these investment options.
Source: Congress.gov
Protecting Social Security Act
Introduced as H.R. 963 by Representative Patrick Ryan (D-NY) on February 4, 2025.
This bill would require expedited consideration of a bill that addresses the insolvency of the Federal Old-Age and Survivors Insurance Trust Fund or the Federal Disability Insurance Trust Fund in the case that either trust fund becomes insolvent.
Source: Congress.gov
Social Security Fairness Act of 2023
Introduced as H.R. 82 by Representative Garret Graves (R-LA) on January 9, 2023 and passed into law on January 5, 2025.
- This bill repeals provisions that reduce Social Security benefits for individuals who receive other benefits, such as a pension from a state or local government.
- The bill eliminates the government pension offset, which in various instances reduces Social Security benefits for spouses, widows, and widowers who also receive government pensions of their own.
- The bill also eliminates the windfall elimination provision, which in some instances reduces Social Security benefits for individuals who also receive a pension or disability benefit from an employer that did not withhold Social Security taxes.
These changes are effective for benefits payable after December 2023.
Source: Congress.gov