---
title: "American Savings Account Act of 2016"
identifier: "114-HR-5450"
congress: 114
bill_number: 5450
bill_type: "HR"
version_code: "ih"
version_type: "Introduced in House"
bill_url: "https://chamberzero.com/congresses/114/bills/hr/5450"
source: "https://www.congress.gov/bill/114th-congress/house-bill/5450"
site: "Chamber Zero"
site_url: "https://chamberzero.com"
rendered_at: "2026-06-04T08:06:27.639Z"
---
## SEC. 1 Short title.

[Read Section 1 →](/congresses/114/bills/hr/5450/sections/1-section-one.md)

## SEC. 2 Table of contents.

[Read Section 2 →](/congresses/114/bills/hr/5450/sections/2.md)

# TITLE I — Administration

## SEC. 101 American Savings Account Board of Directors.

[Read Section 101 →](/congresses/114/bills/hr/5450/sections/TI-101.md)

## SEC. 102 Responsibilities of American Savings Account Board of Directors.

[Read Section 102 →](/congresses/114/bills/hr/5450/sections/TI-102.md)

## SEC. 103 Fiduciary responsibilities; liability and penalties.

[Read Section 103 →](/congresses/114/bills/hr/5450/sections/TI-103.md)

## SEC. 104 American Savings Account Fund Advisory Council.

[Read Section 104 →](/congresses/114/bills/hr/5450/sections/TI-104.md)

# TITLE II — American Savings Account Fund

## SEC. 201 American Savings Account Fund.

[Read Section 201 →](/congresses/114/bills/hr/5450/sections/TII-201.md)

## SEC. 202 Tax treatment of the American Savings Account Fund.

[Read Section 202 →](/congresses/114/bills/hr/5450/sections/TII-202.md)

# TITLE III — American Savings Accounts

## SEC. 301 American Savings Accounts.

[Read Section 301 →](/congresses/114/bills/hr/5450/sections/TIII-301.md)

## SEC. 302 Employer requirements.

[Read Section 302 →](/congresses/114/bills/hr/5450/sections/TIII-302.md)

## SEC. 303 State retirement savings plans.

[Read Section 303 →](/congresses/114/bills/hr/5450/sections/TIII-303.md)

## SEC. 304 Definitions.

[Read Section 304 →](/congresses/114/bills/hr/5450/sections/TIII-304.md)

# TITLE IV — Conforming amendments

## SEC. 401 American Savings Accounts.

[Read Section 401 →](/congresses/114/bills/hr/5450/sections/TIV-401.md)

## SEC. 402 Penalty for employer noncompliance.

[Read Section 402 →](/congresses/114/bills/hr/5450/sections/TIV-402.md)

## SEC. 403 Outreach.

[Read Section 403 →](/congresses/114/bills/hr/5450/sections/TIV-403.md)

## SEC. 404 Independent contractors.

[Read Section 404 →](/congresses/114/bills/hr/5450/sections/TIV-404.md)