# 119-s-1526: Retirement Savings for Americans Act of 2025

119-s-1526, Retirement Savings for Americans Act of 2025, is a 119th Congress bill sponsored by Sen. Hickenlooper, John W. [D-CO] (D-CO); status introduced; PRIA reads it as touching household money (as of 2026-05-15).

- Canonical: https://policyrisk.com/legislation/119-s-1526
- As of: 2026-05-15
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 119-s-1526
- Congress: 119
- Title: Retirement Savings for Americans Act of 2025
- Status: introduced
- Introduced: 2025-04-30
- Sponsor: Sen. Hickenlooper, John W. [D-CO] (D-CO)
- Cosponsors: 3
- Policy area: Labor and Employment
- Touches household money: yes
- Last recorded action: 2026-05-15

## Summary

**Creates a federal automatic retirement savings system.** It establishes the American Worker Retirement Fund in the Treasury, an Investment Board and Executive Director, auto‑enrolls qualifying workers at a 3% default contribution, and provides a government matching tax credit deposited directly into participant accounts. - Workers and participants: Qualifying workers are auto‑enrolled at a 3% default and can opt out; contributions are treated as Roth for tax purposes and participants may select investments at least twice a year. - Employers: Businesses without an existing retirement plan must enroll qualifying workers within one year and may face penalties for missed deposits that scale up to 10%. - Tax credit and accounts: The Government Match Tax Credit under new IRC Sec. 25F is paid into accounts and fully matches contributions up to 3% of gross income and partially matches the next 2% with income‑based phaseouts.

## Cosponsors (3)

- Sen. Tillis, Thomas [R-NC] (R-NC), 2025-04-30T00:00:00.000Z
- Sen. Coons, Christopher A. [D-DE] (D-DE), 2026-05-13T00:00:00.000Z
- Sen. Sheehy, Tim [R-MT] (R-MT), 2026-05-13T00:00:00.000Z

## Provisions PRIA read

- Refundable government retirement match credit: benefit, high. If enacted, eligible people would get a refundable match credit for the Fund equal to 1% of gross income plus a match on contributions. If enacted, contributions up to 3% of income would get a 100% match, and contributions from 3% to 5% would get a 50% match. If enacted, the credit would be capped…
- Treasury retirement fund and protections: benefit, medium. If enacted, the bill would create an American Worker Retirement Fund at Treasury to hold contributions, matches, and earnings. If enacted, a five-member Board, an Executive Director, and an Advisory Council would run and set investment rules. If enacted, the Fund would offer target-date default fun…
- Required payouts for very high earners: cost, medium. If enacted, participants whose gross income exceeds an IRS threshold would be required to receive that year's contributions as a distribution. If enacted, the Executive Director would notify the participant within 7 days and give 30 days to roll the money into another eligible plan. If enacted, amo…
- Automatic enrollment and employer rules: mixed, high. If enacted, employers would have to auto-enroll workers who lack automatic-enrollment plans unless workers opt out. If enacted, the default contribution would be 3% of pay. If enacted, sole proprietors and independent contractors would also have to enroll or opt out. If enacted, employers who fail…

## Related bills

- 119-s-3923: Weather Research and Forecasting Innovation Reauthorization Act of 2026
- 119-s-4744: Take Care of America’s Veterans Act
- 119-s-1462: Fix Our Forests Act
- 119-s-5025: Lindsey O. Graham Sanctioning Russia Act of 2026
- 119-s-1241: Sanctioning Russia Act of 2025
- 119-s-410: Love Lives On Act of 2025

## Sources
- [119-s-1526 on Congress.gov](https://www.congress.gov/bill/119th-congress/senate-bill/1526)

## Related
- [119-s-3923: Weather Research and Forecasting Innovation Reauthorization Act of 2026](https://policyrisk.com/legislation/119-s-3923)
- [119-s-4744: Take Care of America’s Veterans Act](https://policyrisk.com/legislation/119-s-4744)
- [119-s-1462: Fix Our Forests Act](https://policyrisk.com/legislation/119-s-1462)
- [119-s-5025: Lindsey O. Graham Sanctioning Russia Act of 2026](https://policyrisk.com/legislation/119-s-5025)
- [119-s-1241: Sanctioning Russia Act of 2025](https://policyrisk.com/legislation/119-s-1241)
- [119-s-410: Love Lives On Act of 2025](https://policyrisk.com/legislation/119-s-410)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/119-s-1526 (as of 2026-05-15).