HR 6065 United States House · 118th Congress

Retirement Savings for Americans Act of 2023

The Retirement Savings for Americans Act of 2023 would create a new government-administered retirement savings program called the American Worker Retirement Fund, designed to help workers without access to employer retirement plans. The program would automatically enroll eligible employees (those without existing retirement plans at work) at a 3% contribution rate (with an option to opt out), and provide a government match tax credit for contributions. Participants would have access to various investment options including government bonds, fixed income, and stock index funds, with funds in the account being non-forfeitable and not counting toward eligibility for public assistance benefits.

Bill status in committee 1 of 4 stages cleared

Introduction

Oct 2023

Committee Review

Floor Vote

President

Introduced Oct 25, 2023 Last action Oct 25, 2023

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Committee

Oct 25, 2023

Committee

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.

lower

Oct 25, 2023

Introduced

Introduced in House

lower

1 primary · 10 co-sponsors