Bills · HR 7556
IN COMMITTEE· 119TH CONGRESS
House BillHR 7556Labor and Employment
Pensions for All Act
INTRO FEB 12· LAST ACTION FEB 12
READING
25MIN
COSPONSORS
11
READER REACTIONS0 TOTAL
NO VOTES YET · BE THE FIRST
- Introduced only
LEGISLATIVE PROGRESS
STEP 2 / 8Introduced
In Committee
Reported
Passed House
Passed Senate
Conference
To President
Became Law
WHAT THE BILL DOES
AI-writtenThis bill matters because it addresses a major concern for many Americans: financial security in retirement. Currently, a significant portion of the private workforce lacks access to employer-sponsored retirement plans, or their plans are not sufficient to ensure a comfortable retirement. If this bill becomes law, virtually all working Americans, including the self-employed, would have access to a robust retirement system with elements of a pension and matching contributions, similar to what federal employees receive.
This could lead to a substantial increase in retirement savings across the country, potentially reducing reliance on social safety nets in old age and providing greater economic stability for families. Without this bill, the trend of decreasing retirement security for many private sector workers would likely continue, leaving more people vulnerable to financial hardship in their later years. It represents a fundamental shift in how retirement savings are structured and accessed in the United States.
KEY PROVISIONS
4AI-extractedPROVISION 01
Requires every employer (non-federal) to either provide a retirement program with benefits comparable to the Federal Employees Retirement System (FERS) or allow their employees to participate in FERS.
This ensures that all employees, regardless of where they work, will have access to a robust retirement savings program.
PROVISION 02
Mandates that all self-employed individuals either enroll in a retirement program comparable to FERS or choose to participate in FERS.
This extends comprehensive retirement security to individuals who might otherwise lack structured savings options.
PROVISION 03
Allows employers and self-employed individuals to switch between providing a comparable private plan and participating in FERS at least once a year.
This provides flexibility for employers and individuals to choose the option that best suits their needs over time.
PROVISION 04
Amends the existing FERS law to include non-federal employees and self-employed individuals as eligible for FERS participation.
This legally integrates a vast new population into the federal retirement system, expanding its scope dramatically.
SPONSORSHIP
1 + 11
D· Illinois
YRS IN OFFICE
3
BILLS LED
28
COSPONSOR BREAKDOWNBIPARTISAN · 0%
DEM 11 REP 0 IND 0
ACTION TIMELINE
2 EVENTSFEB 12
Introduced in House
FEB 12
Referred to the Committee on Ways and Means, and in addition to the Committees on Oversight and Government Reform, and Education and Workforce, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
BILL INFO
TypeHouse Bill
NumberHR 7556
Congress119th
StatusIn Committee
IntroducedFeb 12, 2026
Last actionFeb 12, 2026
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IN COMMITTEE· 119TH CONGRESS · OVERSIGHT AND GOVERNMENT REFORM COMMITTEE · INTRODUCED FEB 12, 2026
House BillHR 7556Labor and Employment
Pensions for All Act
INTRODUCED FEB 12, 2026· LAST ACTION FEB 12, 2026
PASSAGE CHANCES
—%
READING
25 min
COSPONSORS
11
COMPLEXITY
Moderate
