HR4718Referred to Committee

Helping Young Americans Save for Retirement Act

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Introduced
In Committee
3
Passed One Chamber
4
Passed Both
5
Signed into Law
119th
Congress
2025-07-23
Introduced
4
Cosponsors
HR
ⓘ
Type

Sponsor

Brittany Pettersen
Brittany Pettersen
Democrat · CO · Representative
Votes with party: 96.2% (452 recorded votes)

Full profile: /officials/P000620

Source: Congress.gov · FEC

Cosponsors (4)

Members who have signed on to support this bill since introduction. Source: Congress.gov.

Latest Action

The most recent step in the bill's legislative path. Committee Activity below shows referrals and reports; the full action-by-action history including floor proceedings lives at Congress.gov →

Referred to the Committee on Ways and Means, and in addition to the Committee on Education and Workforce, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

2025-07-23

Source: Congress.gov

Committee Activity

Currently in

Plain-English Summary

The proposal would make it easier for young workers to save money for retirement by allowing them to set aside pre-tax income in special savings accounts, potentially with tax breaks or matching contributions from employers. The bill aims to help people in their 20s and 30s build retirement savings early when they have more time for their money to grow. It affects young employees, employers who might offer these accounts, and the federal government's tax revenue.

AI-assisted summary generated from the official bill metadata (title, subjects, actions) sourced from Congress.gov. Cached and reviewed. Always verify against the official text linked below.

Subjects

Taxation
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Related legislation

Bills by the same sponsor or covering overlapping subjects.