Introduced
S. 5204
Introduced in Senate · August 5, 2026July 30, 2026
Mr. Barrasso (for himself and Mrs. Blackburn) introduced the following bill; which was read twice and referred to the Committee on Finance
A BILL
To amend the Internal Revenue Code of 1986 to exempt individual account plans from certain prohibited transaction rules.
Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,
SECTION 1. Short title.
This Act may be cited as the “Simplifying Modern Access to Retirement Tools for Savings Act of 2026” or the “SMART Savings Act of 2026”.