Women's Retirement Protection Act

[Congressional Bills 119th Congress] [From the U.S. Government Publishing Office] [H.R. 2023 Introduced in House (IH)] <DOC> 119th CONGRESS 1st Session H. R. 2023 To amend the Employee Retirement Income Security Act of 1974 to provide for greater spousal protection under defined contribution plans, and for other purposes. _______________________________________________________________________ IN THE HOUSE OF REPRESENTATIVES March 11, 2025 Ms. Underwood (for herself, Ms. Bonamici, Ms. Schakowsky, Mr. Norcross, Mrs. McIver, Ms. Norton, Ms. Tlaib, Mr. Grijalva, and Ms. Pingree) introduced the following bill; which was referred to the Committee on Education and Workforce, and in addition to the Committees on Financial Services, and Ways and Means, 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 to provide for greater spousal protection under defined contribution plans, and for other purposes. 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 ``Women's Retirement Protection Act''. SEC. 2. FINDINGS. Congress finds the following: (1) Approximately 28 percent of non-retired adults have no defined benefit plan or retirement savings, according to 2023 data from the Board of Governors of the Federal Reserve System. (2) In 2023, approximately one-third of the private sector workforce did not have access to a retirement plan at the workplace, and only half of the workforce actually participated in a retirement plan. (3) Women's retirement preparedness often lags significantly behind their male counterparts', resulting in the median income for women aged 65 and older in 2022 being just 83 percent of the median i