White House Administration Initiatives

The President’s Executive Order

President Trump issued an executive order on August 31, 2018 directing the Departments of Labor and Treasury to consider issuing regulations to reduce administrative burdens and costs to allow small businesses to band together to offer 401(k) plans in the form of multiple employer plans. The executive order also directs the Departments to consider ways to reduce paperwork and administrative burdens. It also calls for the Treasury Department to review its rules on required minimum distributions from 401(k) plans and individual retirement accounts after participants turn 70½.

View the White House Fact Sheet on Strengthening Retirement Security for American Workers

View the Executive Order on Strengthening Retirement Security in America.

Fiscal Year 2019

The President’s Fiscal Year (FY) 2019 Budget
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Fiscal Year 2018

The Fiscal Year 2018 budget calls for a simplification to the tax code and to provide tax relief for American families and calls for tax relief to protect retirement saving, among others. 

The President’s Fiscal Year (FY) 2018 Budget
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Fiscal Year 2017

White House Blog: Helping Workers Save for Retirement in an Ever-Changing Economy
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White House Fact Sheet: Building a 21st Century Retirement System
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The President’s Fiscal Year (FY) 2017 Budget
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