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H.R.2696

Retirement Savings for Americans Act of 2025

Introduced·4/7/25

Establishes the American Worker Retirement Plan to improve financial security for working Americans.

The Retirement Savings for Americans Act of 2025 establishes the American Worker Retirement Plan to enhance financial security for working Americans. It creates the American Worker Retirement Fund and sets up an advisory council. The Act mandates that employers enroll qualifying workers in the plan, with an option to opt-out. Contributions are made by participants and the Secretary of the Treasury, with a government match tax credit. The Act outlines investment policies, fiduciary responsibilities, and withdrawal options for participants and former participants.

Included in complete analysis

  • Overview
  • Core Provisions
  • Implementation
  • Impact
  • Legal Framework
  • Critical Issues

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Where it stands

Current
Education and Workforce Committee
Next
Committee decision

Sponsors

DD
2
8
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Democratic CaucusRepublican Caucus

History

Apr 7, 2025

House

Introduced in House

Apr 7, 2025

House

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.