Roth IRA in Congress

TrumpIRA.gov / Saver's Match implementation

The April 30, 2026 order directs Treasury to establish a portal by January 1, 2027 listing qualifying low-cost private-sector IRAs, including a net-expense-ratio ceiling of 0.15% and no minimum contribution or balance. Its focus on workers without workplace coverage is not a new universal restriction on who may own an IRA. The Saver’s Match was enacted separately in SECURE 2.0 §103 and begins with tax year 2027: up to $1,000 per eligible person, or up to $2,000 for a couple only when both spouses independently qualify.

Notice 2026-48, released August 7, 2026, explains intended claim and payment procedures; operational details remain under development. The notice is not a final regulation. See the TrumpIRA.gov guide; this adult retirement-savings portal is distinct from children’s Trump Accounts.

Executive order, §§2–3 · Notice 2026-48

SECURE 2.0 technical corrections

The Senate Finance Committee released an identified SECURE 2.0 technical-corrections discussion draft on December 6, 2023. This entry records that draft, not a current claim of committee action or enactment. A discussion draft is not law. Separately, Treasury issued final RMD regulations in TD 10001 and catch-up regulations in TD 10033; regulations are implementing authority, not congressional amendments. Their final provisions must also be distinguished from accompanying proposals.

Senate Finance draft and release date · TD 10001 · TD 10033

OBBBA §70204 — Trump Accounts (IRC §530A)

P.L. 119-21 created Trump Accounts under IRC §530A. An election to establish an initial account requires an eligible child who will be under 18 at the end of the election year and has a valid Social Security number. The separate $1,000 pilot contribution requires an eligible U.S.-citizen child born in 2025–2028. The ordinary annual contribution cap is $5,000 for 2026 and 2027; pilot contributions, qualified general contributions and qualified rollovers are excluded from that cap. The §128 employer exclusion is $2,500 per employee, not per child, and employer contributions count toward the ordinary $5,000 cap.

During the growth period, the general investment rule restricts holdings to qualifying stock-index funds with annual fees and expenses no higher than 0.10%. Effective September 30, T.D. 10056 adds a narrow qualified-donated-stock exception, not unrestricted family stock selection. Funding launched July 4, 2026. Treasury announced automatic enrollment on October 1; claiming and activation permit ordinary family and employer funding. Form 4547 remains relevant where an election is needed, and the federal pilot still needs a separate election. The growth period ends December 31 of the year the beneficiary turns 17; general IRA rules then apply, including a possible Roth conversion beginning January 1 of the year the beneficiary turns 18. Conversion is not automatic, and the pretax portion is taxable.

Authority status checked October 2: T.D. 10056 contains effective temporary regulations. Its concurrent proposal withdraws the March account-establishment proposal REG-117270-25. This does not finalize the separate pilot-program REG-117002-25 or the August employer and investment proposals. DOL Technical Release 2026-02 (June 17, 2026) explains why the accounts and employer programs generally are not ERISA Title I plans, subject to its qualifications. See the IRS tracker and updated Trump Accounts guide.

Form 4547 instructions (December 2025) · Publication 15 (2026), Trump accounts · March proposals · July 4 launch · DOL Technical Release 2026-02

OBBBA §70101 — individual rate structure made permanent

The TCJA individual rate schedule had been scheduled to expire after 2025. P.L. 119-21 §70101 removed that sunset: the 10/12/22/24/32/35/37% schedule continues with no scheduled end date, while bracket thresholds remain subject to inflation adjustments. “Permanent” means no statutory expiration, not that Congress cannot change the law. See conversion tax implications and Rev. Proc. 2025-32, §§2.01 and 4.01.

SECURE Act 2.0

The Consolidated Appropriations Act of 2023 (P.L. 117-328) contained the SECURE Act 2.0 of 2022. Key Roth-adjacent provisions: §103 Saver's Match (effective 2027), §107 RMD age to 73/75, §126 529-to-Roth rollovers with $35K lifetime cap, §302 reduced missed-RMD excise, §601 Roth SEP/SIMPLE option, §603 Roth-only catch-ups for high earners.

P.L. 117-328, Division T. Each provision has its own eligibility and effective-date rules; the $35,000 rollover ceiling is not an unrestricted annual allowance.

SECURE Act of 2019

Setting Every Community Up for Retirement Enhancement Act (P.L. 116-94). Eliminated the stretch IRA for most non-spouse beneficiaries, replacing it with the 10-year rule under IRC §401(a)(9)(H). Preserved stretch for Eligible Designated Beneficiaries (EDBs). Raised the RMD age from 70½ to 72.

P.L. 116-94, Division O, §§114 and 401. These are the 2019 changes; later law further changed RMD ages. Beneficiaries who are not designated beneficiaries have separate rules.

Tax Cuts and Jobs Act

P.L. 115-97 eliminated recharacterization of Roth conversions made in 2018 or later. A conversion made in 2017 could be recharacterized only through October 15, 2018—not through an unspecified one-year transition. This restriction is distinct from recharacterizing an eligible regular IRA contribution. The TCJA individual-rate sunset was later removed by OBBBA §70101.

IRS IRA FAQs, recharacterization of IRA contributions

Retirement Savings for Americans Act

S. 1526, introduced by Senator Hickenlooper with Senator Tillis on April 30, 2025, proposes a federal retirement-savings program with automatic enrollment and federal contributions for eligible workers. This summary refers to the introduced text in the 119th Congress, not an enacted benefit or a claim that the bill is currently advancing. Its proposed program is separate from existing Roth IRA rules and the enacted Saver’s Match.

S. 1526, introduced version and date