WISER Act of 2024

Hozzl · 2024-11-18T17:09:03Z

Explore the details of House Bill 9725 WISER Act of 2024 currently in Congress. Get insights into its purpose, current status, sponsors, and potential impact on Armed Forces and National Security. Stay informed on legislative developments.

11/18/2024, 5:09 PM

Summary of Bill HR 9725

The WISER Act of 2024, also known as Bill 118 hr 9725, is a piece of legislation currently being considered by the US Congress. The main goal of this bill is to improve retirement security for American workers by expanding access to workplace retirement plans.

One of the key provisions of the WISER Act is the creation of a new type of retirement plan called the Universal Retirement Account (URA). This account would be available to all workers, including those who are self-employed or work for small businesses that do not currently offer retirement plans. The URA would be portable, meaning that workers could take it with them from job to job, and would be managed by a professional investment manager to ensure that it grows over time.

In addition to the URA, the WISER Act also includes provisions to make it easier for small businesses to offer retirement plans to their employees. This includes tax incentives for employers who set up retirement plans and simplified administrative requirements to reduce the burden on small businesses. Overall, the WISER Act of 2024 aims to address the growing retirement crisis in America by expanding access to retirement savings options and making it easier for workers to save for their future. It is currently being debated in Congress, and its supporters argue that it is a crucial step towards ensuring that all Americans can retire with dignity and financial security.

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Current Status of Bill HR 9725

Bill HR 9725 is currently in the status of Bill Introduced since September 20, 2024. Bill HR 9725 was introduced during Congress 118 and was introduced to the House on September 20, 2024. Bill HR 9725's most recent activity was Referred to the Subcommittee on Disability Assistance and Memorial Affairs. as of October 22, 2024

Bipartisan Support of Bill HR 9725

Total Number of Sponsors

Democrat Sponsors

Republican Sponsors

Unaffiliated Sponsors

Total Number of Cosponsors

Democrat Cosponsors

Republican Cosponsors

Unaffiliated Cosponsors

Policy Area and Potential Impact of Bill HR 9725

Primary Policy Focus

Armed Forces and National Security

Alternate Title(s) of Bill HR 9725

WISER Act of 2024

Women Involuntarily Separated Earning Remittance Act of 2024

To direct the Secretary of Veterans Affairs and the Secretary of Defense to carry out programs to provide to certain veterans who are women a compensation benefit and an upgrade to the discharge status of such veterans, and for other purposes.

Comments

Keanu Hood

477

1 year ago

I can't believe this new bill, it's gonna mess everything up for me and my family. Why are they doing this to us? It's not fair at all.

Marlon Ross

411

1 year ago

I am in full support of this bill as it aims to provide financial assistance to students pursuing higher education. This bill will help alleviate the burden of student loan debt and make college more accessible to individuals like myself. I believe that investing in education is crucial for the future success of our country. I hope to see more legislation like this in the future to support the education and advancement of all Americans.

Wrenlee Faircloth

540

1 year ago

So, what's the deal with this new bill? Who's really benefiting from it?

Fiona Braswell

382

1 year ago

I don't like this new bill, it's gonna mess everything up. Who even benefits from it?

Izaiah Burke

468

1 year ago

I can't believe this new bill, it's going to make things so much harder for me and my family. I don't understand why they would pass something like this. It's just not fair. I hope things will get better soon.

Benedict Gregory

411

1 year ago

I think this bill is a step in the right direction for our country. It will definitely have a positive impact on many people. #UnitedStatesHRBill9725WISERActof2024 #politics #democrat

Aurora Holder

476

1 year ago

I can't believe this new bill, it's gonna mess everything up for me. They say it's supposed to help with retirement savings, but all it's gonna do is make things more complicated. I don't need more rules and regulations to worry about. Why can't they just leave things alone? This is gonna be a headache for sure.

Jayson Cooper

382

1 year ago

I can't believe this new bill, it's just ridiculous! They think they can just pass this thing and everything will be fine, but it's not! It's gonna mess everything up for me and my family. Who do they think they are, making decisions like this without even asking us? It's not fair, and it's not right. This is gonna affect a lot of people, and not in a good way.

Leonardo Manning

437

1 year ago

I don't know much about this new bill, but it sounds like just another way for the government to meddle in our lives. I mean, why do they need to pass all these laws anyway? Can't they just leave us alone and let us live our lives? I'm sure this bill is just going to make things more complicated and expensive for everyone. I don't see how it's going to benefit me or anyone else for that matter. Just another example of big government overreach if you ask me. #WISERAct #governmentoverreach #notbuyingit