119th Congress, 2nd Session

Reports

New reports will be posted when available

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

Legislative Proposals

OPTIONS Act

Introduced as H.R. 8314 by Rep. Greg Steube (R-FL) on April 15, 2026.

This bill would amend the Internal Revenue Code of 1986 to establish that employers may offer employees a choice among tax-favored employer contributions.

Source: Representative Steube

Catching Up Family Caregivers Act

Introduced as S. 4291 by Sen. Susan Collins (R-ME) and as H.R. 8273 by Rep. Brittany Petterson (D-CO-7) on April 14, 2026.

This bill would amend the Internal Revenue Code of 1986 to allow qualified family caregivers to make catch-up contributions, or contributions higher than the standard annual limit, to employer-sponsored retirement plans. Catch-up contributions can be made for up to five years. To qualify, caregivers must complete 500 caregiving hours in the taxable year while working fewer than 500 paid hours.

Source: Senator Collins

Improving Retirement Security for Family Caregivers Act

Introduced as S. 4292 by Sen. Susan Collins (R-ME) and as H.R. 8274 by Rep. Brittany Petterson (D-CO-7) on April 14, 2026.

This bill would amend the Internal Revenue Code of 1986 to allow qualified family caregivers to contribute to a Roth IRA. To qualify, caregivers must complete 500 caregiving hours in the taxable year while working fewer than 500 paid hours.

Source: Senator Collins

Savings and Early Exposure to Diversified Securities Act

Introduced as H.R. 7737 by Rep. Young Kim (R-CA) on February 26, 2026.

This bill would amend the Internal Revenue Code of 1986 to treat digital asset indexes as eligible investments for purposes of Trump accounts.

Source: Congress.gov

Pensions for All Act

HOUSE BILL

Introduced as H.R. 7556 by Rep. Delia Ramirez (D-IL) on February 12, 2026.

This bill would require every employer to provide to their employees a retirement program with benefits equivalent to the Federal Employees Retirement System or to elect for their employees to participate in the Federal Employees Retirement System, and for other purposes.

Source: Congress.gov

SENATE BILL

Introduced as S. 2335 by Sen. Bernard Sanders (I-VT) on July 17, 2025.

This bill would require every employer to provide to their employees a retirement program with benefits equivalent to the Federal Employees Retirement System or to elect for their employees to participate in the Federal Employees Retirement System, and for other purposes.

Source: Congress.gov

No Tax on Restored Benefits Act

Introduced as H.R. 7361 by Rep. Lance Gooden (R-TX) on February 4, 2026.

This bill would amend the Internal Revenue Code of 1986 to exclude from gross income certain benefits received by reason of the Social Security Fairness Act of 2023.

Source: Congress.gov

Form 5500 Filing Simplification Act

Introduced as H.R. 7362 by Rep. Glenn Grothman (R-WI) on February 4, 2026.

This bill would amend the Employment Retirement Income Security Act of 1974 to simplify the filing of Form 5500 for employee benefit plan administrators.

Source: Congress.gov