Lets workers in certain retirement plans choose if they want to join.
This bill would let workers in certain retirement plans, called multiemployer plans, decide if they want to join instead of being automatically signed up. Currently, these plans must automatically enroll eligible workers, but this bill would create an exception, giving those workers more choice. This change would take effect for tax years starting after December 31, 2024.
Today, multiemployer plans are generally required to automatically enroll eligible workers into their retirement plans. If this bill becomes law, multiemployer plans would be exempt from these automatic enrollment rules, giving workers in these plans the choice to opt in or out themselves. This change would apply to taxable years beginning after December 31, 2024.
HR 6685 · 119th Congress · AI Summary by gemini-2.5-flash · 8/10
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6 filings mentioned this bill
Amounts reflect total quarterly lobbying spend reported to the Senate, not bill-specific spending. Source: Senate LDA filings.