Lets workers save more for retirement in company stock plans and 401(k)s.
This bill would let employees who own company stock through a special retirement plan save more in their other retirement accounts, like 401(k)s. Currently, rules can limit how much they can save in both types of plans. This change would help them build more diverse retirement savings.
Today, money put into an employee stock ownership plan (ESOP) counts towards the same annual limits as contributions to other retirement plans like 401(k)s. This can prevent employees from saving as much as they want in their 401(k)s or receiving full employer matches. If this bill becomes law, certain ESOP contributions and forfeited funds would be counted separately, allowing employees and employers to make full use of both types of retirement plans.
HR 9792 · 119th Congress · July 20, 2026 · AI Summary by gemini-2.5-flash · 8/10
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