To amend the Internal Revenue Code of 1986 to impose limitations on high-income taxpayers with large retirement account balances.
Latest action (21 Jul 2026): Introduced
What this bill does
H.R. 9813 would amend the Internal Revenue Code to restrict retirement-savings accumulation for high-income individuals with very large retirement account balances. Starting with tax years after December 31, 2026, taxpayers whose income exceeds set thresholds (generally $400,000–$450,000 depending on filing status, adjusted for inflation) could no longer make new contributions to IRAs, 401(k)-type plans, 403(b) annuities, or eligible 457(b) plans once their combined retirement account balances reached $10 million (also inflation-adjusted); contributions exceeding this limit would be subject to an excise tax. Beginning with tax years after 2033, the bill would also require larger-than-normal minimum distributions from accounts of such high-balance, high-income taxpayers, with special rules for Roth accounts, employee stock ownership plans, and rollovers, plus related changes to early-withdrawal penalties and tax withholding.
The bill affects only a narrow group of higher-income individuals with unusually large retirement savings; most taxpayers would be unaffected. Employers and plan administrators would need to adjust plans to allow certified high-balance participants to take distributions and to comply with new withholding rules.
The bill was introduced July 21, 2026, by Rep. Richard Neal and referred to the House Ways and Means Committee. It has not yet been voted on, and further committee or floor action would be needed before it could become law.
Plain-English summary generated by Bill100 AI from the official record. Always verify against the source below.
Official summary
This bill is in the first stage of the legislative process. It was introduced into Congress on July 21, 2026. It will typically be considered by committee next before it is possibly sent on to the House or Senate as a whole.
Common questions
- What does H.R. 9813 do?
- H.R. 9813 would amend the Internal Revenue Code to restrict retirement-savings accumulation for high-income individuals with very large retirement account balances. Starting with tax years after December 31, 2026, taxpayers whose income exceeds set thresholds (generally $400,000–$450,000 depending on filing status, adjusted for inflation) could no longer make new contributions to IRAs, 401(k)-type plans, 403(b) annuities, or eligible 457(b) plans once their combined retirement account balances reached $10 million (also inflation-adjusted); contributions exceeding this limit would be subject to an excise tax. Beginning with tax years after 2033, the bill would also require larger-than-normal minimum distributions from accounts of such high-balance, high-income taxpayers, with special rules for Roth accounts, employee stock ownership plans, and rollovers, plus related changes to early-withdrawal penalties and tax withholding. The bill affects only a narrow group of higher-income individuals with unusually large retirement savings; most taxpayers would be unaffected. Employers and plan administrators would need to adjust plans to allow certified high-balance participants to take distributions and to comply with new withholding rules. The bill was introduced July 21, 2026, by Rep. Richard Neal and referred to the House Ways and Means Committee. It has not yet been voted on, and further committee or floor action would be needed before it could become law.
- Has H.R. 9813 become law?
- Not yet. As of 21 Jul 2026, H.R. 9813 is introduced.
- Who sponsored H.R. 9813?
- H.R. 9813 was sponsored by Rep. Richard Neal [D-MA1] (Democrat-MA), with 0 cosponsors.
- What's the latest action on H.R. 9813?
- Introduced (21 Jul 2026).
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