119th Congress, 2nd Session

Legislative Proposals

Bill to Establish Trump Accounts Automatically

“A bill to provide for the automatic establishment of Trump accounts using information collected under the Enumeration at Birth Program of the Social Security Administration” was introduced on August 5, 2026, by Sen. Shelley Moore Capito (R-WV) and Sen. James Justice (R-WV) as S. 5243. The bill is intended to streamline enrollment in Trump Accounts and expand access.

Source: Sen. Capito

SMART Savings Act

The SMART Savings Act was introduced on July 30, 2026, by Sen. John Barrasso (R-WY). The bill would modernize IRA regulations to make retirement savings easier and less costly to manage.

Source: Sen. Barrasso

Social Security 2100 Act

The Social Security 2100 Act was introduced as H.R. 9519 on July 29, 2026, by Rep. John Larson (D-CT). The bill would increase benefits for current and new beneficiaries by eliminating the Social Security tax cap and adding a new tax on investment income for certain taxpayers.

Source: Rep. Larson

Retirement Simplification and Clarity Act

The Retirement Simplification and Clarity Act was introduced on July 29, 2026, by Sens. Roger Marshall (R-KS) and Kirsten Gillibrand (D-NY) as S. 5156. The bill would amend the Internal Revenue Code of 1986 to permit in-service rollovers for individual retirement annuity purchases.

Source: Congress.gov

Bill to Impose Limitations on $10M+ Retirement Accounts

“A bill to amend the Internal Revenue Code of 1986 to impose limitations on high-income taxpayers with large retirement account balances” was introduced on July 21, 2026, by Sen. Ron Wyden as S. 5040. It was introduced by Rep. Richard Neal as H.R. 9813. The bill would require an individual with a retirement account balance of over $10 million to take distributions from it.

Source: Senate Finance Committee

PROMISE Act of 2026

The PROMISE Act of 2026 was introduced on July 14, 2026, by Sen. Richard Durbin (D-IL) as S. 4979. The bill would establish a formal bipartisan process requiring Congress to vote on a long-term plan to keep Social Security solvent for the next 50 years.

Source: Congress.gov

Form 5500 Filing Simplification Act

The Form 5500 Filing Simplification Act was introduced on July 13, 2026, by Sen. Jim Banks (R-IN) and Sen. Cory Booker (D-NJ) as S. 4953. It was introduced as H.R. 7362 by Rep. Glenn Grothman (R-WI) on February 4, 2026. The bill would amend ERISA to simplify the filing of Form 5500 for employee benefit plan administrators by establishing a single filing deadline and permitting electronic signatures.

Source: Sen. Booker

Essential Caregivers Act of 2026

The Essential Caregivers Act of 2026 was introduced on July 13, 2026, by Rep. Claudia Tenney (R-NY) as H.R.9641. The bill would require certain facilities to allow essential caregivers to visit during certain periods.

Source: Congress.gov

National Task Force on Caregiving Youth of Veterans Act

The National Task Force on Caregiving Youth of Veterans Act was introduced on June 25, 2026 by Rep. Morgan McGarvey (D-KY) as H.R.9475. The bill would establish the National Task Force on Caregiving Youth.

Source: Congress.gov

Strengthening Social Security Act of 2026

The Strengthening Social Security Act of 2026 was introduced on June 11, 2026, by Rep. Linda Sanchez, (D-CA) as H.R. 9296. The bill would strengthen Social Security by increasing payroll taxes on earnings above the current taxable wage cap and would change benefit formulas to increase benefits for certain retirees.

Source: Congress.gov

Bipartisan Social Security Commission Act of 2026

The Bipartisan Social Security Commission Act of 2026 was introduced by Rep. Tom Cole (R-OK) as H.R. 9187 on June 8, 2026. The bill would create a bipartisan commission to develop recommendations for restoring long-term Social Security solvency.

Source: Congress.gov

RISE Act

The RISE Act was introduced as H.R. 8837 by Rep. Claudia Tenney (R-NY) on May 14, 2026. This bill would expand tax credits for small businesses that start retirement plans, raising the maximum credit to $2,500 from $500 for businesses with 10 or fewer employees.

Source: Representative Tenney

Charity Parity Act

SENATE BILL

Introduced as S. 4511 by Sen. Kevin Cramer (R-ND) on May 13, 2026.

This bill would amend the Internal Revenue Code of 1986 to exclude from gross charitable income distributions from employer-sponsored retirement plans rather than just IRAs.

Source: Congress.gov

HOUSE BILL

Introduced as H.R. 8783 by Rep. Donald Beyer (D-VA) on May 13, 2026.

This bill would amend the Internal Revenue Code of 1986 to exclude from gross charitable income distributions from employer-sponsored retirement plans rather than just IRAs.

Source: Congress.gov

Long-Term Care Workforce Support Act

The Long-Term Care Workforce Support Act was introduced as H.R. 8541 by Rep. Debbie Dingell (D-MI) on April 28, 2026. The bill would strengthen the direct care workforce by expanding recruitment and training, improving wages and workplace protections, increasing access to quality long-term care, and providing greater support for unpaid family caregivers.

Source: Congress.gov

HCBS Access Act

The HCBS Access Act was introduced as H.R. 8540 by Rep. Debbie Dingell (D-MI) on April 28, 2026. In the Senate, it was introduced on August 6, 2026, by Sen. Ben Luján (D-NM) and Sen. Tim Kaine (D-VA) as S. 5321. The bill would ensure eligible older adults and people with disabilities have a choice of care and support options between home care and institutional care. The bill would, over time, eliminate HCBS waiting lists and the need for states to repeatedly apply for HCBS waivers.

Source: Congress.gov

INSIGHT Act

The INSIGHT Act was introduced as S. 4360 by Sen. Jim Banks (R-IN). The bill would require the Employment Benefits Security Administration to issue annual reports to Congress on enforcement investigations and common interest agreements.

Source: Congress.gov

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

Social Security Caregiver Credit Act

Introduced as H.R. 8490 by Brad Schneider (D-IL-10) on April 23, 2026, and as S. 4396 by Sen. Chris Murphy (D-CT) on April 27, 2026.

This bill would amend the Social Security Act to allow unpaid family caregivers to receive up to five years of Social Security credits for caregiving.

Source: Congress.gov

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