summary
Introduced
10/25/2023
10/25/2023
In Committee
10/25/2023
10/25/2023
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 would establish the American Worker Retirement Plan, a new retirement savings program for qualifying workers who do not have access to an existing retirement plan. The bill provides for automatic enrollment of eligible workers, allows for participant contributions and government matching contributions through a new tax credit, and sets forth rules for investment options, distributions, and fiduciary responsibilities. The bill aims to improve the financial security of working Americans by facilitating the accumulation of retirement savings.
Committee Categories
Education
Sponsors (11)
Lloyd Smucker (R)*,
Suzan DelBene (D),
Brian Fitzpatrick (R),
Nicole Malliotakis (R),
Kathy Manning (D),
Carol Miller (R),
Terri Sewell (D),
Adrian Smith (R),
Emilia Sykes (D),
Claudia Tenney (R),
Beth Van Duyne (R),
Last Action
Referred to the Committee on Education and the 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. (on 10/25/2023)
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/house-bill/6065/all-info |
| BillText | https://www.congress.gov/118/bills/hr6065/BILLS-118hr6065ih.pdf |
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