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Representatives Adrian Smith (R-NE), along with cosponsors Blake Moore (R-UT) and Brian Jack (R-GA), have introduced H.R. 8313, the Trump Accounts for All Generations Act.

Before SECURE 2.0’s enactment, SEP and SIMPLE IRA plan contributions had to be made as pre-tax contributions, but now employers may allow employees to elect to have contributions into a SEP or SIMPLE IRA made as Roth contributions.

Senator Mike Lee (R-UT) has introduced S. 4010, the 21st Century Worker Act, to simplify employee classifications.

Representative Young Kim (R-CA) has introduced H.R. 7737, the Savings and Early Exposure to Diversified Securities (SEEDS) Act. The bill seeks to expand the eligible investments by allowing an index comprised of digital assets.

The Department of Treasury and Internal Revenue Service have issued a proposed rule providing guidance on how an election to open a Trump account is made on behalf of an eligible individual, pursuant to the One Big Beautiful Bill Act and ahead of implementation later this year. Among other things, the rule defines an authorized individual for purposes of establishing a Trump account as a legal guardian, parent, adult sibling, or grandparent of the eligible individual, in that order of priority—and outlines their responsibilities along with special rules when an authorized individual must be replaced or is determined not to have been the responsible individual.

Senator Todd Young (R-IN), and several Democrat co-sponsors have introduced S. 3975, the IRA Charitable Rollover Facilitation and Enhancement Act. Under current law, taxpayers age 70½ or older are allowed to make qualified charitable distributions (QCDs) from an IRA to a qualifying 501(c)(3) charity without counting the distribution as taxable income. According to a press release, the bill would allow QCDs to be paid to a donor-advised fund—an increasingly popular charitable giving account managed by a public charity. Donor advised funds allow individuals and families to designate funds for charitable giving upfront and allocate the funds to their preferred charities over a number of years. A companion bill was introduced last year in the House by Representatives Adrian Smith (R-NE) and Jimmy Panetta (D-CA).

Representatives Glenn Grothman (R-WI) and Don Norcross (D-NJ) have introduced H.R. 7362, the Form 5500 Simplification Act. The Form 5500 is used to provide information to the Internal Revenue Service, the Department of Labor (DOL), and the Pension Benefit Guaranty Corporation (PBGC).

Representatives Jimmy Patronis (R-FL) and Gus Bilirakis (R-FL) have introduced H.R. 7393, the Save for Success Act, to allow distributions from qualified tuition programs to be used for qualified housing expenses for first-time homebuyers.

Representative Delia Ramirez (D-IL) and several co-sponsors have introduced H.R. 7556, the Pensions for All Act. According to a press release, the bill would require corporations to do one of the following.