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H.R. 2954: Securing a Strong Retirement Act of 2022

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To increase retirement savings, simplify and clarify retirement plan rules, and for other purposes.

The bill’s titles are written by its sponsor.

Sponsor and status

Richard Neal

Sponsor. Representative for Massachusetts's 1st congressional district. Democrat.

Read Text »
Last Updated: Mar 30, 2022
Length: 140 pages
Introduced
May 4, 2021
117th Congress (2021–2023)
Status

Passed House (Senate next) on Mar 29, 2022

This bill passed in the House on March 29, 2022 and goes to the Senate next for consideration.

Other activity may have occurred on another bill with identical or similar provisions.

Cosponsors

103 Cosponsors (55 Democrats, 48 Republicans)

Prognosis
4% chance of being enacted according to Skopos Labs (details)
Source

Position statements

What legislators are saying

Maloney Touts Prescription Drug Savings for Seniors at Armonk Town Hall
    — Rep. Sean Maloney [D-NY18] (Co-sponsor) on Oct 26, 2022

Congressman Higgins Announces Approval of Legislation that Protects & Expands Retirement Saving Opportunities
    — Rep. Brian Higgins [D-NY26] (Co-sponsor) on Mar 30, 2022

Portman Delivers Opening Remarks at Senate Finance Committee Mark-up to Consider Cardin-Portman Retirement Savings Legislation
    — Sen. Robert “Rob” Portman [R-OH] on Jun 22, 2022

More statements at ProPublica Represent...

What stakeholders are saying

R Street Institute SpendingTracker.org estimates H.R. 2954 will add $70 million in new spending through 2026.

History

May 4, 2021
 
Introduced

Bills and resolutions are referred to committees which debate the bill before possibly sending it on to the whole chamber.

May 5, 2021
 
Ordered Reported

A committee has voted to issue a report to the full chamber recommending that the bill be considered further. Only about 1 in 4 bills are reported out of committee.

Mar 25, 2022
 
Text Published

Updated bill text was published as of Preprint (Suspension).

Mar 29, 2022
 
Passed House (Senate next)

The bill was passed in a vote in the House. It goes to the Senate next.

Mar 29, 2022
 
Reported by House Committee on Ways and Means

A committee issued a report on the bill, which often provides helpful explanatory background on the issue addressed by the bill and the bill's intentions.

If this bill has further action, the following steps may occur next:
 
Passed Senate

 
Signed by the President

H.R. 2954 is a bill in the United States Congress.

A bill must be passed by both the House and Senate in identical form and then be signed by the President to become law.

Bills numbers restart every two years. That means there are other bills with the number H.R. 2954. This is the one from the 117th Congress.

How to cite this information.

We recommend the following MLA-formatted citation when using the information you see here in academic work:

“H.R. 2954 — 117th Congress: Securing a Strong Retirement Act of 2022.” www.GovTrack.us. 2021. December 1, 2022 <https://www.govtrack.us/congress/bills/117/hr2954>

Where is this information from?

GovTrack automatically collects legislative information from a variety of governmental and non-governmental sources. This page is sourced primarily from Congress.gov, the official portal of the United States Congress. Congress.gov is generally updated one day after events occur, and so legislative activity shown here may be one day behind. Data via the congress project.