Bill caps retirement accounts for high earners at ten million dollars.
H.R. 9813 — To amend the Internal Revenue Code of 1986 to impose limitations on high-income taxpayers with large retirement account balances. · Filed by Richard Neal (D-MA) · Introduced Jul 21, 2026 · Referred to committee
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What it does
The bill sets a ten million dollar cap on retirement accounts. High earners cannot add more money once they hit the cap. People with over twenty million dollars must withdraw half the excess yearly. The government withholds thirty-seven percent of that money for taxes.
Who it affects
High-income earners with large retirement account balances are affected. This includes doctors, lawyers, and business owners. The U.S. Treasury would collect more tax money.
One thing to notice
The four hundred fifty thousand dollar income threshold may catch dual-income professionals in expensive areas. Forced withdrawals could force people to sell illiquid assets like private company stock.
From the analysis of the bill text, linked under Primary records below.
Where it stands
- Jul 21, 2026 — Introduced · Congress.gov: “Introduced in House”
- Jul 21, 2026 — Referred to House Committee on Ways and Means · Congress.gov: “Referred to the House Committee on Ways and Means”
Dates and quoted wording are Congress.gov's action record; the timeline shows status changes, not every procedural step.
Words to know
- retirement account — A savings account where people set aside money for after they stop working.
- high-income earners — People who earn a lot of money and pay large amounts in taxes.
- forced withdrawals — Money the government requires people to take out of retirement accounts.
- withholding — Money the government takes from a payment before a person receives it.
- illiquid assets — Valuable things that are hard to sell quickly, like private company stock.
How this was measured
Analysis — Quorum's AI read the bill text published by Congress.gov (16,597 characters) on Jul 22, 2026. Section numbers in the findings refer to that text, linked below; transparency and hidden-provision scores are compared against the median of 14,206 analysed bills.
Status and sponsors — Congress.gov's bill record — actions, committee referrals and cosponsors — loaded nightly. The timeline shows status changes, not every procedural action.
As of — page rendered 2026-09-17.
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