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HR 2696119th CongressIntroduced
Retirement Savings for Americans Act of 2025
Introduced: Oct 29, 2025
Economy & TaxesFinancial ServicesLabor & Employment
Standard Summary
Comprehensive overview in 1-2 paragraphs
Establishes the American Worker Retirement Fund to enhance retirement savings through automatic enrollment, government-matched tax credits, and regulated investment options, while outlining fiduciary duties and distribution rules.
Key Points
- 1Mandates automatic enrollment for qualifying workers unless they opt out, with penalties for employer non-compliance.
- 2Provides a Government Match Tax Credit based on income and contribution levels, phased out for higher earners.
- 3Requires fiduciary oversight, diversified investments, and prohibits conflicts of interest or improper asset management.
Impact Areas
Working Americans without existing retirement plansEmployers required to enroll qualifying workersFederal Treasury managing tax credits and fund assetsFinancial institutions overseeing investment management
Generated by legislative-analysis-v2 on Nov 8, 2025