Senate Bill 1707
119th Congress(2025-2026)
Helping Young Americans Save for Retirement Act
Introduced
Introduced in Senate on May 12, 2025
Bill Intelligence
The bill aims to amend the Employee Retirement Income Security Act of 1974 and the Internal Revenue Code of 1986 pertaining to retirement savings eligibility. It proposes allowing individuals aged 18 to participate in certain retirement plans and to meet specific conditions regarding consecutive 12-month periods of service. The amendments also outline rules for counting employees as participants in pension plans and retirement savings provision for younger workers under these regulatory frameworks. The stated changes are applicable to plan years commencing one year after the bill's enactment.
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Origin Chamber
Senate
Type
Bill
Bill
The primary form of legislative measure used to propose law. Depending on the chamber of origin, bills begin with a designation of either H.R. or S. Joint resolution is another form of legislative measure used to propose law.
Bill Number
1707
Congress
119
Policy Area
Taxation
Taxation
Primary focus of measure is all aspects of income, excise, property, inheritance, and employment taxes; tax administration and collection. Measures concerning state and local finance may fall under Economics and Public Finance policy area.
No Senate votes have been held for this bill.
Summary
Unavailable
May 12, 2025
Sort by most recent
05/12/2025
Read twice and referred to the Committee on Health, Education, Labor, and Pensions.
05/12/2025
Introduced in Senate
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Public Record
Record Updated
Jan 7, 2026 12:03:26 PM