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S 1526119th CongressIntroduced
Retirement Savings for Americans Act of 2025
Introduced: Oct 29, 2025
Economy & TaxesLabor & EmploymentSocial Services
Standard Summary
Comprehensive overview in 1-2 paragraphs
The Retirement Savings for Americans Act of 2025 establishes the American Worker Retirement Plan, creating a mandatory auto-enrollment retirement savings system for qualifying workers without existing retirement plans. It forms a government-managed fund with tax-advantaged contributions, provides a Government Match Tax Credit of up to 5% of gross income, and establishes an independent investment board to oversee diversified portfolio management while ensuring spousal protections and financial literacy requirements.
Key Points
- 1Mandates automatic enrollment of qualifying workers with default 3% payroll contributions unless they opt out, targeting employees without employer-sponsored retirement plans or IRA arrangements.
- 2Provides a tiered Government Match Tax Credit of 100% on contributions up to 3% of gross income and 50% on contributions between 3-5%, phased out based on median income thresholds.
- 3Creates the American Worker Retirement Investment Board to manage fund investments across multiple options including government securities, fixed-income funds, and stock indexes while enforcing strict fiduciary standards.
Impact Areas
Working Americans without employer-sponsored retirement plansSmall businesses and self-employed individualsFederal Treasury through tax credit expendituresExisting retirement plan providers and financial institutions
Generated by Legislative Analysis Specialist on Nov 6, 2025