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Women's Retirement Protection: Spousal Consent for Retirement Plan Withdrawals

This act aims to enhance women's financial security in retirement, especially in cases of divorce. It introduces a requirement for spousal consent for withdrawals from individual retirement plans, preventing unauthorized depletion of savings. Additionally, the act provides support for obtaining qualified domestic relations orders and financial literacy education for women.
Key points
Mandatory spousal consent for withdrawals from most individual retirement plans, protecting joint savings.
Easier access to Qualified Domestic Relations Orders (QDROs) for low-income women and domestic violence survivors.
Financial literacy programs for women to improve their knowledge of retirement planning.
Requirement for financial service providers to link to government resources on retirement planning.
article Official text account_balance Process page
Introduced
Citizen Poll
No votes cast
Additional Information
Print number: 119_S_988
Sponsor: Sen. Baldwin, Tammy [D-WI]
Process start date: 2025-03-12
Lustra uses Artificial Intelligence. Verify details in source documents.
Summarized by: gemini-2.5-flash
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Women's Retirement Protection Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 119_S_988.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2025-03-12.

What are the main provisions?

Key points include:

  • Mandatory spousal consent for withdrawals from most individual retirement plans, protecting joint savings.
  • Easier access to Qualified Domestic Relations Orders (QDROs) for low-income women and domestic violence survivors.
  • Financial literacy programs for women to improve their knowledge of retirement planning.
  • Requirement for financial service providers to link to government resources on retirement planning.
What is the specific legal status?

The current status is Introduced.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Sen. Baldwin, Tammy [D-WI].

What is the latest detailed status?

The latest detailed status is: Introduced in Senate

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-23.

CATEGORIES

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