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Dossier Legislative introduced 29-jul-2026
Bill introduced in Congress — not yet passed by either chamber, and not law.

A bill to amend the Internal Revenue Code of 1986 to provide for in-service rollovers for individual retirement annuity purchases, and for other purposes.

Key claim: Senate bill S5156 would amend the Internal Revenue Code of 1986 to allow in-service rollovers for individual retirement annuity purchases.

Abstract

(S5156 · 119th Congress) Latest action (2026-07-29): Read twice and referred to the Committee on Finance.

Why this matters

In-service rollovers currently face restrictions that limit workers’ ability to move retirement plan balances into individual retirement annuities while still employed. S5156 would relax those restrictions, potentially expanding annuity purchase options for current employees and shifting some retirement savings into insurance-based products. The proposal is at an early introduction stage with no enacted change to tax treatment yet.

Source

Link

Briefing card

A bill to amend the Internal Revenue Code of 1986 to provide for in-service rollovers for individual retirement annuity purchases, and for other purposes.
Stage: introduced · congress · 29-jul-2026

Senate bill S5156 would amend the Internal Revenue Code of 1986 to allow in-service rollovers for individual retirement annuity purchases.

Cross-references (0)

None recorded — doctrine links and citations appear here as scans and citation sweeps find them.

External: congress:119-s-5156:introduced

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