Bill · S. 4362· Senate(119-S-4362)
Railroad Retirement Fairness Act of 2026
- Introduced
- 4/21/2026
- Last activity
- 4/21/2026 — Read twice and referred to the Committee on Health, Education, Labor, and Pensions.
- Sponsored by
- Christopher Coons
- Cosponsors
- - 0 - 1
- Introduced
- In Committee
What this bill would do
This bill is titled the Railroad Retirement Fairness Act of 2026. It aims to amend the Railroad Retirement Act of 1974. The specific purpose is to eliminate certain deductions for annuities under that Act. This is achieved by striking subdivision (6) of Section 2(f) of the Railroad Retirement Act of 1974.
Yes
Does this raise taxes on the highest earners?+2
The elimination of deductions for annuities may increase the effective tax burden on high-earning annuity recipients.
The opposite· 3 of 5
Would people over 65 be better off under this?-5
The removal of deductions for annuities directly reduces the net financial benefit available to retirees.
Would retired people be better off under this?-5
The elimination of specific annuity deductions decreases the financial stability of retired railroad workers.
Does this strengthen Social Security?-3
The bill negatively impacts the retirement security of those relying on the Railroad Retirement system by removing specific annuity deductions.
Who it would affect, and how
Potential Positive Impacts for People
- There are no specific positive impacts or benefits described within the text of this bill.
Potential Negative Impacts for People
- The bill proposes to eliminate certain deductions for annuities by striking subdivision (6) of Section 2(f) of the Railroad Retirement Act of 1974, which may result in the loss of current deductions for annuity recipients.
Groups and Interests Ranking
Every group the model scored this bill for, from -10 to +10. Hover a score for the reason it gave.
- Demographic And Interest Groups
- Good For Retirees-5Good For Seniors-5Good For High Income Households-2
- Social Issues And Justice
- Improves Social Security-3
- Economy And Finance
- Increases Wealthy Taxes+2Reduces Government Spending-2
- 4/21/2026
- Read twice and referred to the Committee on Health, Education, Labor, and Pensions.
- 1 Cosponsor added.
- Introduced in Senate
One bill Congress.gov lists as related to this one — companions in the other chamber, earlier versions, and bills this one absorbed or was folded into.
Josh HawleyRepublican · Missouri