summary
Introduced
10/19/2023
10/19/2023
In Committee
10/19/2023
10/19/2023
Crossed Over
Passed
Dead
01/03/2025
01/03/2025
Introduced Session
118th Congress
Bill Summary
A bill to establish the American Worker Retirement Plan, improve the financial security of working Americans by facilitating the accumulation of wealth, and for other purposes.
AI Summary
This bill establishes the American Worker Retirement Plan, which is a new retirement savings program for workers who do not have access to an existing retirement plan. The bill allows qualifying workers to enroll in the plan and make contributions, which will be matched by the government through a tax credit. The bill also sets up an investment management system to oversee the plan, including an independent board and an executive director. The bill aims to improve the financial security of working Americans by facilitating the accumulation of retirement savings.
Committee Categories
Budget and Finance
Sponsors (6)
John Hickenlooper (D)*,
Chris Coons (D),
Steve Daines (R),
Lindsey Graham (R),
Alex Padilla (D),
Thom Tillis (R),
Last Action
Read twice and referred to the Committee on Finance. (on 10/19/2023)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.congress.gov/bill/118th-congress/senate-bill/3102/all-info |
| BillText | https://www.congress.gov/118/bills/s3102/BILLS-118s3102is.pdf |
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