In CommitteeFiled Jan 12, 2026
Sponsor: Sen. Klobuchar, Amy [D-MN] (D)
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Read twice and referred to the Committee on Finance.
Jan 12, 2026
Summary
The bill changes the Internal Revenue Code so that multi‑employer pension plans are no longer required to follow the automatic enrollment standards that apply to other retirement plans. It updates Section 414A to include these plans in the exemption, with the change taking effect for tax years beginning after Dec. 31, 2024. The measure is intended to give multi‑employer plans more flexibility in how they enroll participants.
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