118th Congress, 2nd Session

Legislative Proposals

National Savings Proposals

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

Other Reform Proposals

Legislative Proposals

The Automatic IRA Act of 2024

HOUSE BILL

Introduced by Representative Richard Neal (D-MA) on February 7, 2023.

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.