3.0.0 5064 2023-01-11T13:43:46Z 2023-01-11T13:43:46Z Senate S 2020-12-18 116 ssfi00 Finance Committee Senate Standing Referred to 2020-12-18T19:28:12Z Securing a Strong Retirement Act of 2020 116 8696 HR 2020-10-27 Referred to the Committee on Ways and Means, and in addition to the Committees on Financial Services, and 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. Related bill CRS 2020-12-18 ssfi00 Finance Committee Senate Read twice and referred to the Committee on Finance. IntroReferral 2020-12-18 Introduced in Senate IntroReferral 10000 9 Library of Congress G000386 Sen. Grassley, Chuck [R-IA] Charles Grassley R IA E. N H001076 Sen. Hassan, Margaret Wood [D-NH] Maggie Hassan D NH 2020-12-18 True L000575 Sen. Lankford, James [R-OK] James Lankford R OK 2020-12-18 True Taxation Administrative law and regulatory procedures Department of the Treasury Employee benefits and pensions Income tax credits Licensing and registrations Small business Taxation 00 2020-12-18 Introduced in Senate 2021-07-26T15:15:51Z Improving Access to Retirement Savings Act

This bill allows employers who establish a tax-exempt 403(b) pension plan to participate in a multiple employer plan (MEP) and to take the small employer pension plan start-up tax credit for their first three years of participation in a MEP.

The bill also establishes a safe harbor to allow certain pension plans to correct errors in administering automatic enrollment and escalation features for plans enrolling in a MEP, if such errors are corrected within a specified time period in a manner favorable to plan participants.

]]> Improving Access to Retirement Savings Act Display Title Improving Access to Retirement Savings Act Short Title(s) as Introduced Improving Access to Retirement Savings Act Introduced in Senate IS Official Title as Introduced A bill to amend the Internal Revenue Code of 1986 to increase retirement savings, to improve retirement plan administration, and for other purposes. Introduced in Senate IS Introduced in Senate 2020-12-18T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-116s5064is/xml/BILLS-116s5064is.xml 2020-12-18 Read twice and referred to the Committee on Finance. 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.