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Proposal to Increase Savers Match Introduced

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.
IRA Legislative updates