Creates a new national retirement savings plan for workers without one, with government matching funds.
This bill would create a new national retirement savings plan called the American Worker Retirement Fund. It would automatically enroll eligible employees, and allow independent contractors to enroll, helping them save for their future. The government would also provide a tax credit that matches a portion of their contributions.
Today, many workers, especially those without employer-sponsored plans or who are self-employed, lack an easy way to save for retirement. This bill would create a new national retirement savings fund with automatic enrollment and a government match on contributions, making it simpler for these Americans to build retirement savings.
S 1526 · 119th Congress · April 30, 2025 · AI Summary by gemini-2.5-flash · 10/10
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28 filings mentioned this bill
Amounts reflect total quarterly lobbying spend reported to the Senate, not bill-specific spending. Source: Senate LDA filings.