Iowa legislation · 91st General Assembly
Iowa HF2373: A BILL FOR An Act establishing a retirement savings plan trust, providing penalties, and including implementation provisions
Status: In committee, February 10, 2026
An Act establishing a retirement savings plan trust, providing penalties, and including implementation provisions.
What the bill says
A bill FOR An Act establishing a retirement savings plan trust, providing penalties, and including implementation provisions.
From the introduced text, February 10, 2026:
A BILL FOR An Act establishing a retirement savings plan trust, providing penalties, and including implementation provisions. BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF IOWA: TLSB 5477YH (4) sc/ns H.F. 2373 Section 1. NEW SECTION. 12L.1 Purpose and definitions. 1. The general assembly finds that the general welfare and well-being of the state are directly related to the ability of the residents of the state to save for their retirement years, and that a vital and valid public purpose is served by the creation and implementation of programs which encourage and make possible the attainment of financial security by the greatest number of residents of the state. In order to make available to the residents of the state an opportunity to fund future retirement savings needs, it is necessary that a public trust be established in which moneys may be invested for retirement. 2. As used in this chapter, unless the context otherwise requires: a. "Administrative fund" means the administrative fund established under section 12L.10. b. "Employee" means an individual who is eighteen years of age or older, who is employed by an employer for at least one hundred twenty days, and who is employed for compensation in this state. c. "Employer" means a person or entity engaged in a business, industry, profession, trade, or other …
Sponsors
- Larry McBurney (D, 44) · primary sponsor
- Meyer (R)
- Elinor Levin (D, 89)
- Ross Wilburn (D, 50)
- Heather Matson (D, 42)
- Timi Brown-Powers (D, 61)
- Jr, Amos
- Aime Wichtendahl (D, 80)
- Elizabeth Wilson (D, 73)
- Angel Ramirez (D, 78)
- Bob Kressig (D, 75)
- Mary Madison (D, 31)
Latest actions
- : Introduced, referred to State Government. H.J. 242 .
Subjects: trusts and trustees, savings, retirement
Common questions
- What is HF2373?
- HF2373 is a bill in the Iowa Legislature (91st General Assembly): A BILL FOR An Act establishing a retirement savings plan trust, providing penalties, and including implementation provisions.
- What does HF2373 do?
- In its own words: A bill FOR An Act establishing a retirement savings plan trust, providing penalties, and including implementation provisions.
- What is the status of HF2373?
- In committee as of February 10, 2026. Latest action: Introduced, referred to State Government. H.J. 242 . (February 10, 2026).
- Who sponsored HF2373?
- Larry McBurney (D, 44), with 11 co-sponsors.
- Where is the official record for HF2373?
- On the Iowa Legislature website: https://www.legis.iowa.gov/legislation/BillBook?ba=HF+2373&ga=91
Source: official Iowa record. Tracked by Delilah, AI for legislation across all 50 states and Congress.