# 119-s-5156: Retirement Simplification and Clarity Act

119-s-5156, Retirement Simplification and Clarity Act, is a 119th Congress bill sponsored by Sen. Marshall, Roger [R-KS] (R-KS); status introduced; PRIA reads it as touching household money (as of 2026-09-03).

- Canonical: https://policyrisk.com/legislation/119-s-5156
- As of: 2026-09-03
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 119-s-5156
- Congress: 119
- Title: Retirement Simplification and Clarity Act
- Status: introduced
- Introduced: 2026-07-29
- Sponsor: Sen. Marshall, Roger [R-KS] (R-KS)
- Cosponsors: 1
- Policy area: Taxation
- Touches household money: yes
- Last recorded action: 2026-09-03

## Summary

**Allows direct in‑service rollovers to individual retirement annuities for 401(k) participants age 50 and older.** It would also require a concise Safe Harbor written notice that explains rollover options, tax withholding, deadlines, and items that cannot be rolled over. - Older workers: Participants age 50 and older could elect a direct rollover of accrued benefits attributable to employer contributions into an individual retirement annuity while still employed. - Plan administrators: Plans would need to provide a plain‑language Safe Harbor notice that includes a 30-day review period and an automatic cash‑out threshold for small balances of $7,000. - Taxpayers taking distributions or changing jobs: Eligible amounts could be rolled to a new plan or an individual retirement account, direct rollovers would avoid mandatory 20% withholding, and taxpayers who receive payments directly would have 60 days to complete a rollover that includes any amounts withheld.

## Cosponsors (1)

- Sen. Gillibrand, Kirsten E. [D-NY] (D-NY), 2026-07-29T00:00:00.000Z

## Provisions PRIA read

- New rollover rules for older workers: benefit, low. If enacted, plans could let participants age 50 or older directly roll employer-contribution amounts to an individual retirement annuity while still working. This would be optional for plan sponsors; employers would not be required to allow it. The bill would also create a plain-language safe-harbo…

## Related bills

- 119-s-2287: Palliative Care and Hospice Education and Training Act
- 119-s-1782: Charlotte Woodward Organ Transplant Discrimination Prevention Act
- 119-s-1552: Living Donor Protection Act of 2025
- 119-s-410: Love Lives On Act of 2025
- 119-s-237: Honoring Our Fallen Heroes Act of 2025
- 119-s-222: Whole Milk for Healthy Kids Act of 2025

## Sources
- [119-s-5156 on Congress.gov](https://www.congress.gov/bill/119th-congress/senate-bill/5156)

## Related
- [119-s-2287: Palliative Care and Hospice Education and Training Act](https://policyrisk.com/legislation/119-s-2287)
- [119-s-1782: Charlotte Woodward Organ Transplant Discrimination Prevention Act](https://policyrisk.com/legislation/119-s-1782)
- [119-s-1552: Living Donor Protection Act of 2025](https://policyrisk.com/legislation/119-s-1552)
- [119-s-410: Love Lives On Act of 2025](https://policyrisk.com/legislation/119-s-410)
- [119-s-237: Honoring Our Fallen Heroes Act of 2025](https://policyrisk.com/legislation/119-s-237)
- [119-s-222: Whole Milk for Healthy Kids Act of 2025](https://policyrisk.com/legislation/119-s-222)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/119-s-5156 (as of 2026-09-03).