H.R. 5887 · Where this bill is now
In committee
Introduced in the House, sent to the Committee on Ways and Means, and in addition to the Committee on 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, Oct 31, 2025
1st SessionH. R. 5887
A BILL
Saving for the Future Act
Sponsor: Rep. Scott H. Peters (D-CA-50) · Introduced Oct 31, 2025 · Labor and Employment · 1 version of the text
Sources: Congress.gov actions and votes · bill text from GovInfo · latest official action Oct 31, 2025: “Referred to the Committee on Ways and Means, and in addition to the Committee on 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.”
Sections
Sections · 8
- Sec. 1Short titleNo change
- Sec. 2FindingsNo change
- Sec. 3Universal personal savingsNo change
- Sec. 4Increase in credit for small employer pension plan startup costsNo change
- Sec. 5Credit for minimum employer contributionsNo change
- Sec. 6Additional credit for individuals making retirement contributionsNo change
- Sec. 7Increase in highest individual income tax rateNo change
- Sec. 8Increase in corporate income tax rateNo change