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H.R. 7556119th CongressIn committeeLatest action Feb 12, 2026Decoded by AI · checked against the record
The plain-language version leads. The official text is always the reference.
HR 7556 would require all U.S. employers to provide retirement benefits at least equal to the federal FERS plan.
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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.
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.
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.
AI-drafted summary. Verify it against the official text before you act on it. Read the official bill on Congress.gov
Right now: a House committee is reviewing it. If the Senate changes it, it goes back to the House before reaching the President.
Latest action: — 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.