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House bill · H.R. 6324 (119th Congress)

Retirement Simplification and Clarity Act

U.S. House of Representatives

Latest action Apr 22, 2026

Sponsor: Jimmy Panetta (U.S. Representative, CA-19, Democratic)

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From Congress.gov and official rosters. This record was last updated Jul 30, 2026. About our data

Summary

Would amend the Internal Revenue Code to let a 401(k) plan permit participants age 50 or older to make a direct rollover of elective employer contributions in their account into an individual retirement annuity before retirement.

AI summary. Not an official summary. How we handle summaries

Where it stands

Assigned to a committee for review.

  1. Introduced
  2. In committee
  3. Up for a vote
  4. Passed one chamber
  5. Passed
  6. Enacted

Committee

House Committee on Ways and Means · U.S. House of Representatives

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Cosponsors

19

Cosponsors listed on Congress.gov, shown A to Z.

  • Republican10
  • Democratic9

This bill has cosponsors from more than one party.

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As identified by Congress.gov.

Full history

  1. Apr 22, 2026

    Introduced

    Introduced in U.S. House

    U.S. House

  2. Nov 28, 2025

    Introduced

    Introduced in House

    U.S. House of Representatives

  3. Nov 28, 2025

    In committee

    Referred to the House Committee on Ways and Means.

    U.S. House

  4. Nov 28, 2025

    Referred to committee

    Referred to the House Committee on Ways and Means.

    U.S. House of Representatives

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