S 5271
Retirement Savings for Americans Act of 2022
Take action
Record your position on this measure.
Sign in to record your position, submit testimony, or contact your legislator.
Sign in to take action- Introduced
- Passed Senate
- Passed House
- To President
- Became Law
Bill overview
The Retirement Savings for Americans Act of 2022 establishes the American Worker Retirement Plan to provide retirement savings accounts for eligible workers who don't have employer-sponsored plans. The bill creates a government-matched tax credit to encourage participation, and it establishes an investment fund and a system for managing it. It also outlines procedures for contributions, distributions, and investment options, aiming to improve the financial security of working Americans. The Act includes provisions for investment oversight, fiduciary responsibilities, and protections for spouses and survivors.
Sponsors
Official sponsors from legislative records.
Primary sponsor
Cosponsor
Thomas Tillis
Arguments in favor
Reasons to support this legislation.
No arguments in favor have been submitted.
Submit yoursArguments opposed
Reasons to oppose this legislation.
No arguments opposed have been submitted.
Submit yoursRead the latest version inline or switch to a previous version.