3.0.0 5543 2021-06-07T20:01:32Z 2021-06-07T20:01:32Z House H HR 2008-03-06 110 hsed00 Education and the Workforce Committee House Standing Referred to 2008-03-06T15:05:20Z hswm00 Ways and Means Committee House Standing Referred to 2008-03-06T15:05:15Z Women's Retirement Security Act of 2007 110 1288 S 2007-05-03 Read twice and referred to the Committee on Finance. Related bill CRS 2008-03-06 Referred to the Committee on Ways and Means, and in addition to the Committee on Education and Labor, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. IntroReferral H11100 2 House floor actions hsed00 Education and the Workforce Committee 2008-03-06 Referred to the Committee on Ways and Means, and in addition to the Committee on Education and Labor, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. IntroReferral H11100-A 9 Library of Congress 2008-03-06 Referred to the Committee on Ways and Means, and in addition to the Committee on Education and Labor, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. IntroReferral H11100 2 House floor actions hswm00 Ways and Means Committee 2008-03-06 Introduced in House IntroReferral Intro-H 9 Library of Congress 2008-03-06 Introduced in House IntroReferral 1000 9 Library of Congress A000357 Rep. Allen, Thomas H. [D-ME-1] THOMAS ALLEN D ME H. 1 N E000187 Rep. English, Phil [R-PA-3] PHIL ENGLISH R PA 3 2008-03-06 True B001231 Rep. Berkley, Shelley [D-NV-1] SHELLEY BERKLEY D NV 1 2008-03-06 True B001247 Rep. Brown-Waite, Ginny [R-FL-5] Ginny Brown-Waite R FL 5 2008-03-13 False M001166 Rep. McNerney, Jerry [D-CA-11] Jerry McNerney D CA 11 2008-03-13 False C001068 Rep. Cohen, Steve [D-TN-9] Steve Cohen D TN 9 2008-04-23 False G000554 Rep. Giffords, Gabrielle [D-AZ-8] Gabrielle Giffords D AZ 8 2008-07-17 False Labor and Employment Annuities Caregivers Commerce Consumer protection Counseling Disability insurance Disabled Divorce Economics and Public Finance Excise tax Families Finance and Financial Sector Financial planning Government Operations and Politics Government publications Grants-in-aid Health Health insurance Income tax Individual retirement accounts Insurance premiums Long-term care insurance Married people Old age, survivors and disability insurance Part-time employment Payroll deductions Railroad retirement plans Self-employed Separation (Law) Small business Social Welfare Standards Survivors' benefits Tax credits Tax deductions Tax exclusion Tax exemption Tax penalties Tax preparers Tax refunds Tax-deferred compensation plans Taxation Taxpayers Transportation and Public Works Unemployment insurance Women Women's retirement Labor and Employment 00 2008-03-06 Introduced in House 2008-03-18T20:23:58Z Women's Retirement Security Act of 2008 - Amends the Internal Revenue Code to: (1) require certain small employers who do not provide retirement plans for their employees to allow eligible employees to participate in a payroll deposit individual retirement account arrangement (automatic IRA); (2) expand eligibility for the tax credit for retirement savings contributions (saver's credit) and make such credit refundable; (3) allow certain part-time employees to participate in qualified cash or deferred arrangements; (4) allow the transfer of up to $500 of unused health plan benefits to qualified retirement plans; (5) treat wage replacement income (e.g., disability pay or unemployment compensation) as earned income for purposes of IRA contribution limits; (6) allow a limited tax exclusion for certain lifetime annuity payments and for qualified retirement planning services; (7) allow certain small employers a tax credit for contributions to employee pension plans; and (8) allow self-employed individuals to deduct pension plan contributions from their self-employment income.

Sets forth special rules for: (1) preservation of retirement plan assets distributed under a qualified domestic relations order; (2) eligibility of surviving and divorced spouses for benefits under the Railroad Retirement Act; and (3) military retired pay subject to court orders in domestic relations proceedings.

Authorizes the Secretary of the Treasury to make grants to qualified low-income taxpayer clinics to provide retirement savings counseling to low-income taxpayers.

Requires the Commissioner of Social Security to prepare a financial reference handbook and a retirement readiness checklist for distribution to social security recipients.

Amends the Internal Revenue Code to: (1) allow a tax deduction for long-term care insurance premiums; (2) allow a phased-in tax credit ($1,000 in 2008, increasing by $500 each year to $3,000 in 2012) for family caregivers of spouses and dependents who have long-term care needs; (3) apply certain consumer protection standards to long-term care insurance contracts; and (4) allow tax-free exchanges of such contracts.

]]> Women's Retirement Security Act of 2008 Short Titles as Introduced Women's Retirement Security Act of 2008 Display Title Women's Retirement Security Act of 2008 Official Title as Introduced To amend the Internal Revenue Code of 1986 and the Employee Retirement Income Security Act of 1974 to increase the retirement security of women and small business owners, and for other purposes. Introduced in House 2008-03-06T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-110hr5543ih/xml/BILLS-110hr5543ih.xml 2008-03-06 Referred to the Committee on Ways and Means, and in addition to the Committee on Education and Labor, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.