Women's Retirement Protection Act

Hozzl · 2025-04-04T13:54:17Z

Explore the details of House Bill 2023 Women's Retirement Protection Act currently in Congress. Get insights into its purpose, current status, sponsors, and potential impact on Labor and Employment. Stay informed on legislative developments.

4/4/2025, 1:54 PM

Summary of Bill HR 2023

Bill 119 hr 2023, also known as the Spousal Protection Act, aims to amend the Employee Retirement Income Security Act of 1974 to enhance spousal protection within defined contribution plans. The bill seeks to provide greater financial security for spouses by ensuring that they receive a portion of their partner's retirement savings in the event of divorce or death.

Specifically, the bill includes provisions that require defined contribution plans to offer spousal consent for any distribution of retirement savings, as well as protections for spousal rights to survivor benefits. Additionally, the bill aims to improve transparency and communication between plan administrators and participants regarding spousal rights and benefits.

Overall, the Spousal Protection Act is designed to strengthen the financial security of spouses who rely on their partner's retirement savings, ensuring that they are adequately protected in the event of unforeseen circumstances.

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Current Status of Bill HR 2023

Bill HR 2023 is currently in the status of Bill Introduced since March 11, 2025. Bill HR 2023 was introduced during Congress 119 and was introduced to the House on March 11, 2025. Bill HR 2023's most recent activity 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. as of March 11, 2025

Bipartisan Support of Bill HR 2023

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 2023

Primary Policy Focus

Labor and Employment

Alternate Title(s) of Bill HR 2023

Women's Retirement Protection Act

To amend the Employee Retirement Income Security Act of 1974 to provide for greater spousal protection under defined contribution plans, and for other purposes.

Comments

Mariah Watts

1,024

1 year ago

I don't understand why this bill is trying to change things. It seems like it's just making things more complicated. How will this affect me and my family? Who is really benefiting from this? #confused #HRBill2023

Halo Walton

1,017

1 year ago

I think this bill is good because it helps protect spouses in retirement plans. It's important for everyone to have financial security in their golden years. #HRBill2023 #RetirementSecurity