# 114-hr-5731: SAVE UP Act

114-hr-5731, SAVE UP Act, is a 114th Congress bill sponsored by JOSEPH CROWLEY (D-NY); status Referred to the House Committee on Ways and Means. (as of 2025-11-18).

- Canonical: https://policyrisk.com/legislation/114-hr-5731
- As of: 2025-11-18
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 114-hr-5731
- Congress: 114
- Title: SAVE UP Act
- Status: Referred to the House Committee on Ways and Means.
- Introduced: 2016-07-12
- Sponsor: JOSEPH CROWLEY (D-NY)
- Cosponsors: 0
- Policy area: Taxation
- Touches household money: no
- Last recorded action: 2025-11-18

## Summary

Secure, Accessible, Valuable, Efficient Universal Pension Accounts Act or the SAVE UP Act This bill amends the Internal Revenue Code to establish the SAVE UP Account program to provide tax-exempt retirement accounts to employees who are not otherwise eligible for certain retirement plans. The bill establishes: (1) a board of trustees to create and manage the accounts, (2) a board of governors to establish policies for the investment and management of fund assets, and (3) a trust fund and accounts in the Treasury for the program. An employer must establish an account contribution program if: (1) the employer's aggregate number of employee hours of service during the preceding year was at least 1,600; (2) the employer does not offer a retirement plan to all employees. Government entities and churches are exempt from this requirement. Under the contribution program, employers must: (1) contribute at least 50 cents per hour worked by the employee; and (2) make automatic contributions on behalf of employees who do not opt-out, beginning with 3% of wages and eventually increasing to 5%. The bill sets forth requirements for: (1) determining an employee's share of positive net investment returns, and (2) paying benefits from the accounts in the form of an annuity The bill allows a tax credit for certain small employers who elect to set up contribution programs for their employees. If an employer fails to maintain a required contribution program, the bill disallows the deduction for compensation for services performed by employees of the employer.

## Related bills

- 114-hr-6282: To designate the facility of the United States Postal Service located at 2024 Jerome Avenue, in Bronx, New York, as the "Dr. Roscoe C. Brown, Jr. Post Office B…
- 114-hr-6097: Immigration Courts Bail Reform Act
- 114-hr-5980: Mark Takai Atomic Veterans Healthcare Parity Act
- 114-hr-5851: Refugee Protection Act of 2016
- 114-hr-5844: ACTION for National Service Act
- 114-hr-5732: Caesar Syria Civilian Protection Act of 2016

## Sources
- [114-hr-5731 on Congress.gov](https://www.congress.gov/bill/114th-congress/house-bill/5731)

## Related
- [114-hr-6282: To designate the facility of the United States Postal Service located at 2024 J…](https://policyrisk.com/legislation/114-hr-6282)
- [114-hr-6097: Immigration Courts Bail Reform Act](https://policyrisk.com/legislation/114-hr-6097)
- [114-hr-5980: Mark Takai Atomic Veterans Healthcare Parity Act](https://policyrisk.com/legislation/114-hr-5980)
- [114-hr-5851: Refugee Protection Act of 2016](https://policyrisk.com/legislation/114-hr-5851)
- [114-hr-5844: ACTION for National Service Act](https://policyrisk.com/legislation/114-hr-5844)
- [114-hr-5732: Caesar Syria Civilian Protection Act of 2016](https://policyrisk.com/legislation/114-hr-5732)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/114-hr-5731 (as of 2025-11-18).