Sponsors (8)
Ask me why this bill matters.
This is not an official government website.
Copyright © 2026 PLEJ LC. All rights reserved.
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.
Creates a new American Worker Retirement Fund in the U.S. Treasury to help workers save for retirement, requires employers to automatically enroll qualifying workers (with opt-out), and establishes rules for contributions, investments, withdrawals, annuities, loans, and participant protections. It also sets up a federal investment board to manage the Fund under strict fiduciary rules and creates a refundable Government Match Tax Credit to boost contributions for eligible workers.
Protects account assets from being counted in federal means-tested benefit eligibility for people under 65, clarifies that Fund payments are in addition to Social Security benefits, and adds employer penalties and fund-level safeguards (conflict-of-interest bans, bonding, enforcement tools) to protect participants and the Treasury.
Introduced April 7, 2025 by Lloyd K. Smucker · Last progress April 7, 2025
