H.R. 7314 · Where this bill is now
In committee
Introduced in the House, sent to the Committee on Ways and Means, and in addition to the Committees on Veterans' Affairs, Armed Services, Energy and Commerce, Transportation and Infrastructure, Financial Services, Education and Workforce, Oversight and Government Reform, Foreign Affairs, Agriculture, Natural Resources, Small Business, Science, Space, and Technology, the Judiciary, Homeland Security, Intelligence (Permanent Select), House Administration, Rules, Ethics, the Budget, and Appropriations, 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, Feb 2, 2026
119th Congress
2nd SessionH. R. 7314
2nd SessionH. R. 7314
A BILL
Advancing Commonsense Policies Act
In the HouseNo vote yet
Sponsor: Rep. Seth Magaziner (D-RI-2) · Introduced Feb 2, 2026 · Government Operations and Politics · 1 version of the text
Sources: Congress.gov actions and votes · bill text from GovInfo · latest official action May 20, 2026: “Referred to the Subcommittee on Livestock, Dairy, and Poultry.”
Sections
Sections · 1
Title II · 2
Title IV · 50
- Sec. 401Expanding automatic enrollment in retirement plansNo change
- Sec. 402Modification of credit for small employer pension plan startup costsNo change
- Sec. 403Promotion of saver’s creditNo change
- Sec. 404Enhancement of saver’s creditNo change
- Sec. 405Enhancement of 403(b) plansNo change
- Sec. 406Increase in age for required beginning date for mandatory distributionsNo change
- Sec. 407Indexing ira catch-up limitNo change
- Sec. 408Higher catch-up limit to apply at age 62, 63, and 64No change
- Sec. 409Pooled employer plans modificationNo change
- Sec. 410Multiple employer 403(b) plansNo change
- Sec. 411Treatment of student loan payments as elective deferrals for purposes of matching contributionsNo change
- Sec. 412Application of credit for small employer pension plan startup costs to employers which join an existing planNo change
- Sec. 413Military spouse retirement plan eligibility credit for small employersNo change
- Sec. 414Small immediate financial incentives for contributing to a planNo change
- Sec. 415Safe harbor for corrections of employee elective deferral failuresNo change
- Sec. 416Improving coverage for part-time workersNo change
- Sec. 417Deferral of tax for certain sales of employer stock to employee stock ownership plan sponsored by s corporationNo change
- Sec. 418Certain securities treated as publicly traded in case of employee stock ownership plansNo change
- Sec. 419Remove required minimum distribution barriers for life annuitiesNo change
- Sec. 420Qualifying longevity annuity contractsNo change
- Sec. 421Insurance-dedicated exchange-traded fundsNo change
- Sec. 422Recovery of retirement plan overpaymentsNo change
- Sec. 423Reduction in excise tax on certain accumulations in qualified retirement plansNo change
- Sec. 424Performance benchmarks for asset allocation fundsNo change
- Sec. 425Review and report to congress relating to reporting and disclosure requirementsNo change
- Sec. 426Eliminating unnecessary plan requirements related to unenrolled participantsNo change
- Sec. 427Retirement savings lost and foundNo change
- Sec. 428Updating dollar limit for mandatory distributionsNo change
- Sec. 429Expansion of employee plans compliance resolution systemNo change
- Sec. 430Eliminate the first day of the month requirement for governmental section 457(b) plansNo change
- Sec. 431One-time election for qualified charitable distribution to split-interest entity; increase in qualified charitable distribution limitationNo change
- Sec. 432Distributions to firefightersNo change
- Sec. 433Exclusion of certain disability-related first responder retirement paymentsNo change
- Sec. 434Individual retirement plan statute of limitations for excise tax on excess contributions and certain accumulationsNo change
- Sec. 435Requirement to provide paper statements in certain casesNo change
- Sec. 436Separate application of top heavy rules to defined contribution plans covering excludible employeesNo change
- Sec. 437Repayment of qualified birth or adoption distribution limited to 3 yearsNo change
- Sec. 438Employer may rely on employee certifying that deemed hardship distribution conditions are metNo change
- Sec. 439Penalty-free withdrawals from retirement plans for individuals in case of domestic abuseNo change
- Sec. 440Reform of family attribution rulesNo change
- Sec. 441Amendments to increase benefit accruals under plan for previous plan year allowed until employer tax return due dateNo change
- Sec. 442Retroactive first year elective deferrals for sole proprietorsNo change
- Sec. 443Limiting cessation of ira treatment to portion of account involved in a prohibited transactionNo change
- Sec. 444Review of pension risk transfer interpretive bulletinNo change
- Sec. 445Amendments relating to setting every community up for retirement enhancement act of 2019No change
- Sec. 446Provisions relating to plan amendmentsNo change
- Sec. 447Simple and sep roth irasNo change
- Sec. 448Hardship withdrawal rules for 403(b) plansNo change
- Sec. 449Elective deferrals generally limited to regular contribution limitNo change
- Sec. 450Optional treatment of employer matching contributions as roth contributionsNo change