summary
Introduced
07/26/2023
07/26/2023
In Committee
07/26/2023
07/26/2023
Crossed Over
Passed
Dead
01/03/2025
01/03/2025
Introduced Session
118th Congress
Bill Summary
A bill to amend the Internal Revenue Code of 1986 and the Employee Retirement Income Security Act of 1974 to allow for periodic automatic reenrollment under qualified automatic contribution arrangements, and for other purposes.
AI Summary
This bill, the Auto Reenroll Act of 2023, amends the Internal Revenue Code and the Employee Retirement Income Security Act to allow for periodic automatic reenrollment under qualified automatic contribution arrangements and eligible automatic contribution arrangements. Specifically, the bill permits plans to automatically reenroll employees who had previously opted out of contributing, but only after a period of 1 to 3 years. This feature is intended to help increase employee retirement savings by making it easier for workers to remain enrolled in their retirement plans over time.
Committee Categories
Health and Social Services
Sponsors (3)
Last Action
Read twice and referred to the Committee on Health, Education, Labor, and Pensions. (Sponsor introductory remarks on measure: CR S3623) (on 07/26/2023)
Bill Topics
Labor and Employment
- ‐ Employee Benefits
Social Welfare
- ‐ Retirement Issues
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location | Created |
|---|---|---|
| State Bill Page | https://www.congress.gov/bill/118th-congress/senate-bill/2517/all-info | 07/27/2023 |
| BillText | https://www.congress.gov/118/bills/s2517/BILLS-118s2517is.pdf | 08/17/2023 |
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