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Helping Young Americans Save for Retirement Act

S. 1707 Sen. Bill Cassidy (R-LA) In committee
Bill text PDF
  1. Introduced May 12
  2. Committee May 12
  3. Passed Senate Next
  4. Passed House Not yet
  5. To President Not yet
  6. Law Not yet
Where it stands
In committee, May 12, 2025Next: Senate vote
534d ago May 12, 2025: Read twice and referred to the Committee on Health, Education, Labor, and Pensions.
Final votes
No roll callsNo recorded vote on this bill yet
Lobbying
2companies, 8 filings
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Companies lobbying on this bill

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Summary

This bill lowers the minimum age for participating in certain employer-sponsored retirement plans from 21 to 18, allowing younger employees to start saving earlier. It amends both the Employee Retirement Income Security Act (ERISA) and the Internal Revenue Code to implement this change.

Sec. 2, Eligibility at age 18 under certain conditions: The bill changes the minimum participation age for pension plans and 401(k)-type plans from 21 to 18. It also adjusts the rules for calculating the waiting period an employee must complete before joining the plan. For plans that include employees solely because of this new age 18 rule, the bill provides a 5-year transition period during which those employees are not counted as participants for certain reporting and audit requirements. These changes take effect for plan years beginning one year after the bill becomes law.

Summary of the bill text as introduced in Senate (May 12, 2025), generated by SecBot from the official bill text; the Library of Congress summary is not yet published.

Official record from Congress.gov, the House Clerk and the Senate; lobbying from Lobbying Disclosure Act filings. Updated Oct 28, 2026.