HR6324Referred to Committee

Retirement Simplification and Clarity Act

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Introduced
In Committee
3
Passed One Chamber
4
Passed Both
5
Signed into Law
119th
Congress
2025-11-28
Introduced
16
Cosponsors
HR
ⓘ
Type

Sponsor

Jimmy Panetta
Jimmy Panetta
Democrat · CA · Representative
Votes with party: 93.9% (554 recorded votes)

Full profile: /officials/P000613

Source: Congress.gov · FEC

Cosponsors (16)

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 House Committee on Ways and Means.

2025-11-28

Source: Congress.gov

Committee Activity

Currently in

Previously

Plain-English Summary

This bill would simplify retirement savings rules and make them easier for workers and small business owners to understand and follow. It likely aims to reduce confusing regulations around retirement accounts like 401(k)s and IRAs so more people can save for retirement without getting tangled up in complicated tax rules. The changes would probably affect workers saving for retirement, small businesses offering retirement plans, and the IRS's enforcement of retirement account rules.

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.