Requires most employers to offer automatic retirement savings plans for their workers.
This bill would require most employers to set up automatic retirement savings plans for their employees, making it easier for many Americans to save for the future. Workers would be automatically enrolled in these plans, though they could choose not to participate or adjust their savings. Small businesses would get a tax credit for offering these plans, while employers who don't comply could face daily penalties.
Today, employers are generally not required to offer automatic retirement savings plans, and there are no specific federal rules or incentives for automatic IRA arrangements. This means many Americans lack easy access to workplace retirement savings. If this bill becomes law, most employers would be required to offer automatic retirement savings plans, automatically enrolling employees with contributions starting at 6% of pay. Employers who don't comply could face a $10 daily tax per employee, while eligible small employers could receive a $500 tax credit.
HR 6722 · 119th Congress · December 15, 2025 · AI Summary by gemini-2.5-flash · 10/10
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25 filings mentioned this bill
Amounts reflect total quarterly lobbying spend reported to the Senate, not bill-specific spending. Source: Senate LDA filings.