Retirement plans would automatically reenroll workers who previously opted out of saving for retirement.
This bill would let workplace retirement plans automatically reenroll employees who previously chose not to save. If signed into law, workers who opted out of these plans would find their opt-out choice expiring after 1 to 3 years. They would then be put back into the plan unless they actively choose to opt out again.
Today, if you opt out of an automatic enrollment retirement plan at work, that decision usually stays in effect forever unless you actively change it. This bill would allow these plans to make your opt-out choice expire after 1 to 3 years. You would then be automatically put back into the plan unless you make a new choice to opt out again.
S 1831 · 119th Congress · AI Summary by gemini-2.5-flash · 10/10
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37 filings mentioned this bill
Amounts reflect total quarterly lobbying spend reported to the Senate, not bill-specific spending. Source: Senate LDA filings.