HR4739Referred to Committee

SHARE Plan Act

Share:
Introduced
In Committee
3
Passed One Chamber
4
Passed Both
5
Signed into Law
119th
Congress
2025-07-23
Introduced
13
Cosponsors
HR
ⓘ
Type

Sponsor

Thomas R. Suozzi
Thomas R. Suozzi
Democrat · NY · Representative
Votes with party: 89.0% (589 recorded votes)
Top industries funding sponsor:
  • Progressive Groups$85k
  • Abortion Rights$3k

Full profile: /officials/S001201

Source: Congress.gov · FEC

Cosponsors (13)

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

13 cosponsors on record at Congress.gov. The named list is syncing into Govwatch and will appear here shortly — view on Congress.gov in the meantime.

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 House Committee on Ways and Means.

2025-07-23

Source: Congress.gov

Committee Activity

Currently in

Plain-English Summary

The legislation would allow workers to set aside a portion of their wages in special savings accounts with tax advantages, similar to retirement accounts, to help them build emergency savings and financial security. These accounts would let employees contribute pre-tax dollars that grow without being taxed until withdrawn, giving lower and middle-income workers a new tool to save money alongside their regular paychecks. The proposal aims to help families build financial cushions without the strict withdrawal rules that apply to traditional retirement savings.

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
Full bill text is not yet cached locally.
Open text viewRead on Congress.gov

Related legislation

Bills by the same sponsor or covering overlapping subjects.