118th Congress, 1st Session


Check Back Soon for Updates!

Legislative Proposals

National Savings Proposals

  • To view federal legislation proposing national savings solutions, see prior sessions.

Other Reform Proposals

Legislative Proposals

Social Security Beneficiary Statement


Introduced as S. 664 by Senators Susan Collins (R-ME), Bill Cassidy, M.D. (R-LA), Tim Kaine (D-VA), and Chris Coons (D-DE) on March 6, 2023, and referred to the Committee on Finance.

The bill is intended to help Americans better plan for retirement and enhance retirement security by ensuring individuals have the information they need to make more informed decisions regarding when to claim Social Security Benefits.

The senators also sent a letter to the Social Security Administration (SSA) requesting additional information on the administration’s practices in informing the claiming decisions of Americans. The letter also urges the SSA to develop an adequate action plan aimed at helping individuals make more informed decisions regarding their Social Security claims.

Source: Congress.gov, Press release here.

Freedom to Invest in a Sustainable Future Act


Introduced as S.523 by Senator Tina Smith (D-MN) on February 16, 2023, and referred to the Committee on Health, Education, Labor, and Pensions.

The bill is intended to provide legal certainty to workplace retirement plans that choose to consider environmental, social, and governance (ESG) factors in their investment decisions or offer ESG investment options.

Source: Congress.gov, Press release here.


Introduced as H.R.1119 by Rep. Suzan DelBene (D-WA) on February 21, 2023, and referred to the Committee on Education and the Workforce.

Source: Congress.gov, Press release here.