Proposed Bill Would Create Portable Retirement Accounts
Representative Jim Himes (D-CT) and Senator Mark Warner (D-VA) have announced legislation to establish universal, portable retirement accounts.
Proposed IRA Restrictions in House Budget Reconciliation Amendment
Proposed House Budget Reconciliation Amendment Includes IRA Restrictions
House Budget Reconciliation Text Includes Retirement Reform
The House Ways and Means Committee has released draft legislative text as part of what is currently planned to be a $3.5 trillion tax and spending package.
Retirement Distribution Relief for Federal Disasters
Senators Bill Cassidy and Robert Menendez have introduced legislation that would make permanent certain rules for distributions and loans from retirement plans and IRAs in connection with federally declared disasters.
Series of Retirement Security Bills Reintroduced
Senators Cory Booker (D-NJ) and Todd Young (R-IN) reintroduced four bills in the Senate this week designed to address retirement security.
Proposed Tax Benefits for Retirement Saving Distributions
Senator Patrick Toomey (R-PA), has re-introduced the Long-Term Care Affordability Act.
Encouraging Americans to Save Act Introduced in Senate
Senate Finance Committee Chair Ron Wyden (D-OR) and six other Democratic Senators have introduced the Encouraging Americans to Save Act (EASA).
Several Health Savings Bills Proposed
Senator Ben Sasse (R-NE) recently introduced two bills aimed at providing more flexibility for the use of health savings accounts (HSAs).
Enhancing Emergency and Retirement Savings Act Introduced
The legislation would provide a penalty-free “emergency personal expense distribution” option from employer-sponsored retirement plans and IRAs.
Retirement Security and Savings Act Re-Introduced
Senators Rob Portman (R-OH), and Ben Cardin (D-MD), have introduced the Retirement Security and Savings Act of 2021, legislation that was last introduced in 2019.
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