Latest action: Read twice and referred to the Committee on Finance.
Referred to one or more standing committees for review, hearings, and possible markup.
Specific committees not parsed from action data.
The committee may hold hearings, amend the bill, or let it die without action.
Next: Reported
Full chamber floor — Speaker / Majority Leader controls scheduling
Limits how much high-income people can keep in retirement accounts.
The problem
Some wealthy individuals accumulate very large retirement account balances, potentially reducing tax revenue and raising fairness concerns about retirement savings rules.
The proposal
The bill would impose limits on retirement account balances for high-income taxpayers, restricting how much they can hold in tax-advantaged retirement accounts.
The impact
High-income earners would face restrictions on retirement savings. Middle and lower-income workers likely unaffected. Tax revenue could increase for the government.
Limiting large retirement accounts for wealthy people could increase government tax income. This money could fund public programs or reduce the deficit.
Retirement accounts were created to help ordinary workers save for retirement. Restricting excessive balances ensures the rules work as intended for average people.
Some wealthy individuals use retirement accounts to minimize their taxes. This bill could close that loophole and ensure everyone follows the same rules.
Limits on retirement accounts might discourage high earners from saving money, which reduces overall investment in the economy and hurts financial planning.
Self-employed people and small business owners often use retirement accounts to save. Caps could make retirement planning harder for entrepreneurs.
Setting and enforcing limits on retirement accounts requires careful rules and monitoring. This adds complexity to tax law and increases administrative costs.
Restricting how much people can save limits personal financial choices. Some argue people should control their own savings without government limits.
Generated by AI from the bill text. Not a prediction and not legal or policy advice. The percentage is the model's own rating of each item — self-reported, and not a measure of how accurate it is.
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Individual contributions, grouped by employer · FEC
Where their individual donors work · 2026 cycle
Money from people who work there, not from the company. Not tied to this bill.
Itemized individual contributions via FEC, grouped by the employer each contributor self-reported. Companies and unions cannot contribute to federal candidates from their treasuries, so these totals are money from people who work at an employer — never from the organization itself. They are campaign contributions covering a full election cycle and are not connected to this bill.
Senate LDA lobbying disclosures
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