Helping Young Americans Save for Retirement Act

[Congressional Bills 119th Congress] [From the U.S. Government Publishing Office] [H.R. 4718 Introduced in House (IH)] <DOC> 119th CONGRESS 1st Session H. R. 4718 To amend the Employee Retirement Income Security Act of 1974 and the Internal Revenue Code of 1986 with respect to minimum participation standards for pension plans and qualified trusts. _______________________________________________________________________ IN THE HOUSE OF REPRESENTATIVES July 23, 2025 Ms. Pettersen (for herself and Mr. Rulli) introduced the following bill; which was referred to the Committee on Ways and Means, and in addition to the Committee on 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 _______________________________________________________________________ A BILL To amend the Employee Retirement Income Security Act of 1974 and the Internal Revenue Code of 1986 with respect to minimum participation standards for pension plans and qualified trusts. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. SHORT TITLE. This Act may be cited as the ``Helping Young Americans Save for Retirement Act''. SEC. 2. ELIGIBILITY AT AGE 18 UNDER CERTAIN CONDITIONS. (a) ERISA.-- (1) Age 18.--Subparagraphs (A) and (B) of section 202(c)(1) of the Employee Retirement Income Security Act of 1974 (29 U.S.C. 1052(c)(1)) are amended to read as follows: ``(A) the period permitted under subsection (a)(1), determined-- ``(i) without regard to subparagraph (B)(i) thereof; and ``(ii) by substituting `18' for `21' in subparagraph (A)(i) thereof; or ``(B) the first 24-month period-- ``(i) consisting of 2 consecutive 12-month periods during each of which the employee has at least 500 hours of service; and ``(ii) by the close of which the employee has met the requirement of subsection (a)(1)(A)(i) (withou