H.R. 7556In committeeJobs & the economy
Every U.S. employer would have to offer a federal-level retirement plan
Data as of July 11, 2026
HR 7556 would require all U.S. employers to provide retirement benefits at least equal to the federal FERS plan.60-second read · 5 questions answered below
Decoded
What does this do?
HR 7556 would require every U.S. employer to provide workers a retirement plan at least as generous as FERS, the Federal Employees Retirement System. Employers could create their own qualifying plan or enroll workers directly in FERS. Self-employed individuals would face the same requirement and employers would be prohibited from reducing workers' pay to cover the added cost.
Who does it affect?
The bill would affect virtually every working American, including employees currently without a workplace retirement plan, small business owners, self-employed individuals, and larger companies with revenues over $100 million.
Why does it matter?
Workers without employer-sponsored retirement plans would gain access to one, while employers and self-employed individuals would take on new contribution obligations. Larger businesses with revenues over $100 million would bear the full employer contribution with no government subsidy.
What does it cost, and who pays?
- Small employers pay half contribution
- Penalty $10/employee/day
- $500K/year violation cap
Where does it stand?
- Introduced
- House committee — You are here
- House vote
- Senate
- President's desk
Right now: a House committee is reviewing it. If the Senate changes it, it goes back to the House before reaching the President.
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Official title
Pensions for All Act
- Introduced:
- February 12, 2026
- Latest action:
- February 12, 2026
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.
Read the official bill on Congress.govMake the call
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