S1839Referred to Committee
Generating Retirement Ownership through Long-Term Holding
Introduced
In Committee
3
Passed One Chamber4
Passed Both5
Signed into Law119th
Congress
2025-05-21
Introduced
2
Cosponsors
S
ⓘType
Sponsor
John Cornyn
Republican · TX · Senator
Votes with party: 76.3% (880 recorded votes)
Top industries funding sponsor:
- Conservative Groups$79,418k
- Climate & Environment$24,960k
Full profile: /officials/C001056
Source: Congress.gov · FEC
Cosponsors (2)
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 →
Committee Activity
Previously
- Finance CommitteeReferred To · 2025-05-21
- Senate Committee on FinanceReferred To · 2025-05-21
Plain-English Summary
The proposal would create a new type of investment account that allows people to hold stocks for extended periods with special tax benefits, encouraging long-term investing rather than frequent trading. Workers and individual investors would pay lower taxes on investment gains if they keep their stocks in these accounts for many years, while the government would collect less tax revenue upfront but potentially more over time as people build retirement savings. The plan aims to help ordinary Americans build wealth through patient, long-term stock ownership.
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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