Executive Order 14403

Promoting Retirement-Savings Access for American Workers by Establishing TrumpIRA.gov

Signed April 30, 2026, printed at 91 FR 24329. 6 sections of substance, 1,184 words.

In plain English

This order is about saving for old age. It calls for a new website. The site would help those with no plan at work.

Sec. 1. Policy

Tens of millions of Americans lack access to employer-sponsored retirement plans. Workers in small businesses, part-time workers, independent contractors, and self-employed workers face unnecessary barriers to saving for retirement. My Administration intends to give these often-left-out American workers access to the same type of retirement-savings opportunities offered to every Federal worker and to establish an easy and transparent way for eligible workers to obtain up to a $1,000 match for their savings. Hard-working Americans deserve retirement security in portable savings vehicles that offer access to low-cost investments similar to those offered to Federal workers in the Thrift Savings Plan. It is the policy of the United States to promote high- quality, low-cost individual retirement accounts (IRAs) offered by private-sector financial institutions that meet objective standards of

In plain English

This states the policy. It says tens of millions have no plan at work. Small firm staff are named. So are part time workers. So are contractors. So are the self employed. It promises them the same kind of savings plan federal staff get. A match of up to $1,000 is offered. The plans must have low fees. They must move with the worker.

Sec. 2.

Establishment of <a href="http://TrumpIRA.gov">TrumpIRA.gov</a>. (a) The Secretary of the Treasury shall, by January 1, 2027, establish a website (<a href="http://TrumpIRA.gov">TrumpIRA.gov</a>) that provides individuals, with a particular focus on independent contractors, self-employed individuals, and other workers who do not have access to an employer-sponsored retirement plan, with information about high-quality, low-cost IRAs. Individuals who contribute to qualifying IRAs, and who are otherwise eligible, are entitled to a Federal Saver's Match contribution of up to $1,000 pursuant to 26 U.S.C. 6433. (b) <a href="http://TrumpIRA.gov">TrumpIRA.gov</a> shall list financial institutions that offer IRAs under 26 U.S.C. 408, accept the Federal Saver's Match contribution under 26 U.S.C. 6433(e)(2)(C), and meet other criteria, as directed by the Secretary of the Treasury, consistent with

In plain English

This sets up a web site. Treasury must build it by January 1, 2027. It points people to low cost retirement accounts. Contractors are a focus. So are the self employed. So are workers with no plan at work. Those who save may get a match of up to $1,000. The site must list firms that offer such accounts. They must accept the match.

Sec. 3. Federal Saver's Match Implementation

(a) The Secretary of the Treasury shall take all necessary steps, as appropriate and consistent with applicable law, to ensure that qualifying individuals who contribute to IRAs, including those who open IRAs listed on <a href="http://TrumpIRA.gov">TrumpIRA.gov</a> and otherwise satisfy all applicable requirements, receive the Federal Saver's Match contribution. (b) The Secretary of the Treasury shall take all necessary steps, as appropriate and consistent with applicable law, to encourage financial institutions to accept the Federal Saver's Match contributions in accordance with rules established by the Secretary.

In plain English

This makes the match work. Treasury must take the steps needed. People who save into a qualifying account must get the match. That covers accounts listed on the new site. They must meet the other tests too. Treasury must also urge firms to accept the match. Rules it sets govern how that works.

Sec. 4. Charitable Contributions

The Secretary of the Treasury and the Commissioner of the Internal Revenue Service shall, as appropriate and consistent with applicable law, provide guidance with respect to the tax treatment of contributions made by tax-exempt organizations to IRAs maintained by workers who are members of a charitable class entitled to receive the contribution without jeopardizing the organizations' tax-exempt status.

In plain English

This covers gifts to savings accounts. Treasury and the tax agency must issue guidance. The subject is how such gifts are taxed. Tax exempt groups may make them. The account belongs to a worker. That worker must fall in a charitable class. The group must not lose its tax status by giving.

Sec. 5. Worker Protection

The Secretary of the Treasury and the Secretary of Labor shall issue regulations, exemptions, or guidance, as appropriate and consistent with applicable law, to ensure that IRAs maintained by financial institutions, including those listed on <a href="http://TrumpIRA.gov">TrumpIRA.gov</a>, protect workers, maintain transparency, and prevent prohibited transactions within the meaning of 26 U.S.C. 4975.

In plain English

This protects savers. Treasury and Labor must act. They may write rules. They may grant exemptions. They may issue guidance. The accounts covered are held at financial firms. Those listed on the new site count. Workers must be protected. Terms must be clear. Barred deals must be prevented. A tax law defines those.

Sec. 6. Legislative Recommendations

The Secretary of the Treasury, in consultation with the Assistant to the President for Economic Policy, shall prepare legislative recommendations to codify the policy set forth in this order so that workers lacking access to employer-provided retirement plans, including workers in small businesses, part-time workers, independent contractors, and self-employed workers, have access to a retirement option with low fees, eligibility for the Federal Saver's Match or other matching contributions, diversified index-based investment options, automatic portfolio choices, and portability.

In plain English

This asks for a bill. Treasury must draft the recommendation. A White House economic aide helps. The aim is to write this policy into law. Workers with no plan at work are the target. Small firm staff are named. So are part time workers and contractors. The plan must have low fees. It must be eligible for the match. It must move with the worker.

Sec. 7. Severability

Every order carries this. It is not what the order does.

If any provision of this order, or the application of any provision to any individual or circumstance, is held to be invalid, the remainder of this order and the application of its other provisions to any other individuals or circumstances shall not be affected thereby.

In plain English

This is the standard severability clause. If a court strikes down part of the order, the rest still stands.

Sec. 8. General Provisions

Every order carries this. It is not what the order does.

(a) Nothing in this order shall be construed to impair or otherwise affect: (i) the authority granted by law to an executive department or agency, or the head thereof; or (ii) the functions of the Director of the Office of Management and Budget relating to budgetary, administrative, or legislative proposals. [[Page 24331]] (b) This order shall be implemented consistent with applicable law and subject to the availability of appropriations. (c) This order is not intended to, and does not, create any right or benefit, substantive or procedural, enforceable at law or in equity by any party against the United States, its departments, agencies, or entities, its officers, employees, or agents, or any other person. (d) The costs for publication of this order shall be borne by the Department of the Treasury. <GRAPHIC(S) NOT AVAILABLE IN TIFF FORMAT> (Presidential Sig.) THE WHITE HOUSE, April 30,

In plain English

This is the closing clause that nearly every order carries. It says the order does not change what the law already allows. It also says no one can sue to enforce it.

How this order is quoted

Each section is quoted as the order prints it, under its own number and heading. Executive orders are United States government works and are not under copyright. Long sections are cut at a sentence and the whole order is a click away.