HR 2696 United States House · 119th Congress

Retirement Savings for Americans Act of 2025

The Retirement Savings for Americans Act of 2025 creates a new retirement savings program called the American Worker Retirement Fund to help workers without access to employer-sponsored retirement plans. It requires businesses to automatically enroll qualifying workers (those without existing retirement plans) at a 3% contribution rate, with the option to opt out. The program includes a government match tax credit that provides up to 5% of a worker's income as matching contributions, phasing out for higher earners. The Fund will be managed by a Board and Executive Director, offering multiple investment options and maintaining accounts until retirement or withdrawal.

Bill status in committee 1 of 4 stages cleared

Introduction

Apr 2025

Committee Review

Floor Vote

President

Introduced Apr 7, 2025 Last action Apr 7, 2025

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Committee

Apr 7, 2025

Committee

Referred to the Committee on Education and Workforce, and in addition to the Committee on Ways and Means, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

lower

Apr 7, 2025

Introduced

Introduced in House

lower

1 primary · 9 co-sponsors