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

Executive Order 14403 is an executive action signed by President (name not specified in the text) that directs the Secretary of the Treasury to create a public website, TrumpIRA.gov, to highlight high-quality, low-cost individual retirement accounts (IRAs) for workers without employer plans (Sec. 2(a)-(d)). The order sets objective criteria for listed IRAs, including a fee cap of 0.15 percent and no minimum contribution rules (Sec. 2(c)(ii)-(iii)). The Secretary must also take steps to help eligible contributors receive the Federal Saver's Match of up to $1,000 and encourage financial institutions to accept that match (Sec. 1; Sec. 3(a)-(b)). This matters because it aims to make it easier for independent contractors, part-time workers, and small-business workers to save for retirement and possibly receive a federal match (Sec. 1).