September 24, 2026
Mr. Wyden introduced the following bill; which was read twice and referred to the Committee on Finance
To amend the Internal Revenue Code of 1986 to expand retirement savings opportunities for more American families.
Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,
Section 1. Short title
This Act may be cited as the Saver's Match Enhancement Act of 2026
.
Sec. 2. Enhancement of saver's match
(a) Increase in matching rate
(1) In general
Paragraph (1) of section 6433(b) of the Internal Revenue Code of 1986 is amended by striking 50 percent
and inserting 100 percent
.
(2) Conforming amendment
Paragraph (2) of section 6433(b) of such Code is amended by striking 50
and inserting 100
.
(b) Expansion of eligibility
(1) In general
Clause (i) of section 6433(b)(3)(A) of the Internal Revenue Code of 1986 is amended by striking $41,000
and inserting $85,000
.
(2) Conforming amendment
Paragraph (1) of section 6433(h) of such Code is amended by striking $41,000
and inserting $85,000
.
(c) Roth treatment of matching contributions
(1) In general
Subparagraph (A) of section 6433(e)(2) of the Internal Revenue Code of 1986 is amended by striking subclause (II) of clause (i) and all that follows through clause (ii) and inserting the following:
(II)
consists of a qualified Roth contribution program (as defined in section 402A(b)), or
(ii)
a Roth IRA,
(2) Treatment as Roth contribution
Paragraph (2) of section 6433(f) of such Code is amended—
(A)
by striking clauses (i) and (ii) of subparagraph (A) thereof and inserting the following:
(i)
a designated Roth contribution (as defined in section 402A(c)(1)) which is an elective deferral made by the individual, if contributed to an applicable retirement savings vehicle described in subsection (e)(2)(A)(i), or
(ii)
a Roth IRA contribution made by such individual, if contributed to such a plan,,
(B)
by striking and
at the end of subparagraph (B),
(C)
by striking the period at the end of subparagraph (C) and inserting , and
, and
(D)
by adding at the end the following new subparagraph:
(D)
in the case of a designated Roth contribution, such contribution shall be excludable from gross income without regard to section 402A(a)(1).
(3) Conforming amendments
(A)
Subparagraph (B) of section 6433(f)(2) of such Code is amended by inserting , 402A(c)(2)
after 402(g)(1)
.
(B)
Subparagraph (B) of section 6433(f)(6) of such Code is amended by striking the comma at the end of clause (i) and inserting , and
, by striking clause (ii), and by redesignating clause (iii) as clause (ii).
(d) Inflation adjustment
Paragraph (1) of section 6433(h) of such Code, as amended by subsection (b)(2), is further amended by striking the $85,000 amount
and inserting the $2,000 amount in subsection (a) and the $85,000 amount
.
(e) Effective date
The amendments made by this section shall apply to taxable years beginning after December 31, 2026.