Senator Ron Wyden (D-OR), ranking member of the Senate Finance Committee, has introduced the Saver's Match Enhancement Act.
Defined contribution plan
IRA
Legislative updates
Bill Introduced to Extend Time Period for Contributing Military Death Benefits to Roth IRA or ESA
A bipartisan Senate proposal would give military families additional flexibility when rolling military death benefits into Roth IRAs and education savings accounts.
Legislative updates
Born to Invest Act Introduced in House
A bipartisan bill would help ensure new parents learn about tax-advantaged savings opportunities from the start, including Trump accounts, ABLE accounts, and 529 plans.
Legislative updates
House Passes Tax Relief for Fraud Victims
H.R. 9500, the Tax Relief for Fraud Victims Act, introduced by Representatives Max Miller (R-OH) and Thomas Suozzi (D-NY), passed the House by a vote of 408-17.
Defined benefit plan
Defined contribution plan
IRA
Legislative updates
Enhanced Trump Account Enrollment for Newborns Introduced
Senators Shelley Capito (R-WV) and Jim Justice (R-WV) have introduced S. 5243, to provide for the automatic establishment of Trump accounts using information collected under the Enumeration at Birth Program (EAB) of the Social Security Administration (SSA).
IRA
Legislative updates
IRS Issues Notice on Saver's Match
The Internal Revenue Service (IRS) has issued Notice 2026-48, indicating that the Department of Treasury and IRS intend to issue proposed regulations regarding the Saver's Match contribution provision under SECURE 2.0.
Defined contribution plan
IRA
Legislative updates
529 Distributions for Homebuyers Proposed in Senate
Senators John Husted (R-OH) and Michael Bennet (D-CO) have introduced S. 5227, the First-Time Home Buyer Empowerment Act. According to a press release, the bill would allow first-time homebuyers to use leftover 529 plan funds tax-free to buy or build their first home.
Legislative updates
Retirement Simplification and Clarity Act Introduced
Senators Roger Marshall (R-KS), and Kirsten Gillibrand (D-NY), have introduced S. 5156, the Retirement Simplification and Clarity Act.
Defined contribution plan
IRA
Legislative updates
Proposal to Alleviate DOL IRA Oversight Introduced
Senators John Barrasso (R-WY) and cosponsor Marsha Blackburn (R-TN) have introduced the Simplifying Modern Access to Retirement Tools for Savings Act, or SMART Savings Act.