# 119-hr-9813: To amend the Internal Revenue Code of 1986 to impose limitations on high-income taxpayers with large retirement account balances.

119-hr-9813, To amend the Internal Revenue Code of 1986 to impose limitations on high-income taxpayers with large retirement account balances., is a 119th Congress bill sponsored by Rep. Neal, Richard E. [D-MA-1] (D-MA); status introduced; PRIA reads it as touching household money (as of 2026-09-04).

- Canonical: https://policyrisk.com/legislation/119-hr-9813
- As of: 2026-09-04
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 119-hr-9813
- Congress: 119
- Title: To amend the Internal Revenue Code of 1986 to impose limitations on high-income taxpayers with large retirement account balances.
- Status: introduced
- Introduced: 2026-07-21
- Sponsor: Rep. Neal, Richard E. [D-MA-1] (D-MA)
- Cosponsors: 0
- Policy area: Taxation
- Touches household money: yes
- Last recorded action: 2026-09-04

## Summary

**Caps annual retirement contributions for ultra-wealthy savers.** This bill would limit yearly contributions to IRAs and workplace retirement plans for taxpayers with very large aggregated balances, using a $10,000,000 reference amount to calculate contribution room. - High-income savers would see their allowable annual contributions limited to the excess of $10,000,000 over their aggregated vested retirement balances as of the prior-year close. This reduces how much new money very large accounts can receive each year. - The rule targets taxpayers by modified adjusted gross income with filing-status thresholds ranging from $225,000 up to $450,000 depending on status. Those income tests determine who is treated as an "applicable taxpayer." - The change covers IRAs and common workplace plans such as 401(a), 403(b), and eligible 457(b), treats SEP and SIMPLE plans specially, adds a new excise tax on excess contributions under Section 4973(i), and requires IRS guidance and inflation adjustments after 2027. It would apply for taxable years beginning after December 31, 2026.

## Provisions PRIA read

- New limits on big retirement contributions: cost, high. If enacted, the bill would bar certain retirement contributions for high-income people who already have very large retirement balances. An "applicable taxpayer" is set by MAGI limits: $225,000 (married filing separately), $425,000 (head of household), $450,000 (married filing jointly or surviving s…
- Higher mandatory retirement withdrawals and taxes: mixed, high. If enacted, starting for plan and taxable years beginning after December 31, 2033, some high‑balance taxpayers would face larger required retirement withdrawals. The extra required amount would be based on how much your total retirement balances exceed the bill's $10,000,000 limit and on how much i…

## Related bills

- 119-hr-7481: Department of Homeland Security Appropriations Act, 2026
- 119-hr-7973: Momnibus Act
- 119-hr-7853: PrEP Access and Coverage Act of 2026
- 119-hr-5862: American Energy Independence and Affordability Act
- 119-hr-6722: Automatic IRA Act of 2025
- 119-hr-3376: Water Affordability, Transparency, Equity, and Reliability Act of 2025

## Sources
- [119-hr-9813 on Congress.gov](https://www.congress.gov/bill/119th-congress/house-bill/9813)

## Related
- [119-hr-7481: Department of Homeland Security Appropriations Act, 2026](https://policyrisk.com/legislation/119-hr-7481)
- [119-hr-7973: Momnibus Act](https://policyrisk.com/legislation/119-hr-7973)
- [119-hr-7853: PrEP Access and Coverage Act of 2026](https://policyrisk.com/legislation/119-hr-7853)
- [119-hr-5862: American Energy Independence and Affordability Act](https://policyrisk.com/legislation/119-hr-5862)
- [119-hr-6722: Automatic IRA Act of 2025](https://policyrisk.com/legislation/119-hr-6722)
- [119-hr-3376: Water Affordability, Transparency, Equity, and Reliability Act of 2025](https://policyrisk.com/legislation/119-hr-3376)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/119-hr-9813 (as of 2026-09-04).