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Retirement Freedom Act

4/24/2025, 4:53 AM

Summary of Bill HR 2793

The Retirement Freedom Act, introduced in the 119th Congress on April 9, 2025, aims to provide provisions related to retirement planning and savings. The bill includes measures to enhance retirement account flexibility, potentially allowing for increased control over individual retirement funds. Specific directives within the bill may focus on expanding investment options, adjusting contribution limits, or introducing tax incentives to encourage retirement savings. For detailed provisions and text of the bill, refer to the official PDF version available at the provided URL: https://www.congress.gov/119/bills/hr2793/BILLS-119hr2793ih.pdf.

Congressional Summary of HR 2793

Retirement Freedom Act

This bill allows an individual to opt out of Medicare hospital services benefits without also having to opt out of Social Security benefits and without having to repay Medicare hospital services benefits already received. The bill also allows an individual to opt back in with no penalty.

Current Status of Bill HR 2793

Bill HR 2793 is currently in the status of Bill Introduced since April 9, 2025. Bill HR 2793 was introduced during Congress 119 and was introduced to the House on April 9, 2025.  Bill HR 2793's most recent activity was Referred to the House Committee on Ways and Means. as of April 9, 2025

Bipartisan Support of Bill HR 2793

Total Number of Sponsors
2
Democrat Sponsors
0
Republican Sponsors
2
Unaffiliated Sponsors
0
Total Number of Cosponsors
0
Democrat Cosponsors
0
Republican Cosponsors
0
Unaffiliated Cosponsors
0

Policy Area and Potential Impact of Bill HR 2793

Primary Policy Focus

Alternate Title(s) of Bill HR 2793

To allow individuals to choose to opt out of the Medicare part A benefit.
To allow individuals to choose to opt out of the Medicare part A benefit.

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