Senator Jeff Merkley, D-Oregon, has introduced a bill aimed at improving the retirement situation in America by creating retirement savings accounts for everyone whose employer does not provide one.

The American Savings Act, according to Merkley’s website, “would give every worker without access to a retirement savings plan through their employer the ability to save for retirement through their own, personal retirement savings account modeled on the same high-quality retirement savings plan already used by federal workers and members of Congress.”

American Savings Accounts (ASAs) would be portable, with a single account for life; people changing jobs would not have to worry about rollovers or having to deal with account transfers.