Employee Benefits And Pensions
US Congress 115th Congress
Retirement Security Act of 2017 [S.1383]
[Retirement ]
[Taxes ]
[Labor, Jobs, Employment ]
[Small Business ]
[Pensions ]
Retirement Security Act of 2017 This bill amends the Internal Revenue Code and the Employee Retirement Income Security Act of 1974 (ERISA) to modify various requirements for employer-provided retirement plans. The bill modifies the qualification requirements for certain multiple employer plans with pooled providers. The bill applies to defined contribution plans that: (1) are sponsored by employers all of which have both a common interest other than having adopted the plan and control of the plan, or (2) have a pooled plan provider. Such a plan
(continued...)
Sponsored by: Sen. Susan M. Collins
Read Twice And Referred To The Committee On Finance. (sponsor Introductory Remarks On Measure: Cr S3651-3652) on 06/20/2017
Spread the world
Gettr US Congress 115th Congress
Graduate Student Savings Act of 2017 [S.1379]
[Student Loans ]
[Taxes ]
[Education ]
[Retirement ]
Graduate Student Savings Act of 2017 This bill amends the Internal Revenue Code to allow funds paid to an individual to aid in the pursuit of graduate or postdoctoral study or research to be saved in an Individual Retirement Account (IRA). The bill permits the funds to be considered compensation for purposes of current law provisions that limit annual deductible IRA contributions to the lesser of: (1) the deductible amount permitted under current law, or (2) the compensation includible in the individual's gross income for the year.
Sponsored by: Sen. Mike Lee
Read Twice And Referred To The Committee On Finance. on 06/19/2017
Spread the world
US Congress 115th Congress
Charities Helping Americans Regularly Throughout the Year Act of 2017 [HB-2916]
[Taxes ]
[Nonprofit ]
[Budget and Spending ]
[Finance ]
Charities Helping Americans Regularly Throughout the Year Act of 2017 This bill amends the Internal Revenue Code to modify several tax provisions affecting charitable contributions and tax-exempt organizations. The Internal Revenue Service may determine the standard mileage rate for deducting the cost of using a passenger automobile for charitable purposes (currently set by statute at 14 cents per mile), and the rate may not be less than the rate for medical purposes (17 cents per mile for 2017). The bill modifies the substantiation requirements
(continued...)
Sponsored by: Rep. Earl Blumenauer
Introduced In House on 06/15/2017
Spread the world
US Congress 115th Congress
Apprenticeship and Jobs Training Act of 2017 [S.1352]
[Labor, Jobs, Employment ]
[Taxes ]
[Pensions ]
[Retirement ]
[Education ]
[Small Business ]
[Healthcare ]
Apprenticeship and Jobs Training Act of 2017 This bill amends the Internal Revenue Code to allow employers a business-related tax credit for up to $5,000 for the training of a qualified individual in a qualified apprenticeship program or multi-employer apprenticeship program. A "qualified individual" is an individual who: (1) is an apprentice participating in a qualified apprenticeship program or multi-employer apprenticeship program, (2) has been employed in either program for a period of at least seven months that ends within the taxable year,
(continued...)
Sponsored by: Sen. Susan M. Collins
Read Twice And Referred To The Committee On Finance. on 06/14/2017
Spread the world
US Congress 115th Congress
Charities Helping Americans Regularly Throughout the Year Act of 2017 [S.1343]
[Taxes ]
[Nonprofit ]
[Budget and Spending ]
[Finance ]
Charities Helping Americans Regularly Throughout the Year Act of 2017 This bill amends the Internal Revenue Code to modify several tax provisions affecting charitable contributions and tax-exempt organizations. The Internal Revenue Service may determine the standard mileage rate for deducting the cost of using a passenger automobile for charitable purposes (currently set by statute at 14 cents per mile), and the rate may not be less than the rate for medical purposes (17 cents per mile for 2017). The bill modifies the substantiation requirements
(continued...)
Sponsored by: Sen. Robert P. Casey
Read Twice And Referred To The Committee On Finance. on 06/13/2017
Spread the world
US Congress 115th Congress
Combating BDS Act of 2017 [HB-2856]
[International ]
[Trade ]
[Consumer Protection ]
[Human Rights ]
[Investments ]
Combating BDS Act of 2017 This bill allows a state or local government to adopt and enforce measures to divest its assets from, prohibit investment of its assets in, or restrict contracting with: (1) an entity that engages in a commerce- or investment-related boycott, divestment, or sanctions activity targeting Israel; or (2) an entity that owns or controls, is owned or controlled by, or is under common ownership or control with such an entity. Such measures are not preempted by federal law. A state or local government that seeks to adopt or enforce
(continued...)
Sponsored by: Rep. Alexander Mooney
Introduced In House on 06/08/2017
Spread the world
US Congress 115th Congress
Affordable Retirement Advice Protection Act [S.1321]
[Retirement ]
[Finance ]
[Consumer Protection ]
Affordable Retirement Advice Protection Act
Sponsored by: Sen. Lamar Alexander
Read Twice And Referred To The Committee On Health, Education, Labor, And Pensions. on 06/08/2017
Spread the world
US Congress 115th Congress
Affordable Retirement Advice for Savers Act [HB-2823]
[Retirement ]
[Pensions ]
[Finance ]
[Labor, Jobs, Employment ]
[Investments ]
[Insurance ]
Affordable Retirement Advice for Savers Act This bill amends the Employee Retirement Income Security Act of 1974 (ERISA) and the Internal Revenue Code (IRC) to modify requirements related to fiduciaries and the provision of investment advice for pension and retirement plans. (Under current law, a person who provides investment advice has a fiduciary obligation that requires the person to provide advice in the sole interest of plan participants and beneficiaries.) The bill nullifies several regulations that are commonly referred to as "the fiduciary
(continued...)
Sponsored by: Rep. Darin LaHood
Committee On Ways And Means Discharged. on 03/05/2018
Spread the world
US Congress 115th Congress
First Time Homeowner Savings Plan Act [HB-2808]
[Housing ]
[Real Estate ]
[Retirement ]
[Taxes ]
[Inflation ]
First Time Homeowner Savings Plan Act This bill amends the Internal Revenue Code to increase from $10,000 to $25,000 the maximum amount that may be withdrawn, without penalty, from a qualified retirement plan for purposes of assisting a first-time homebuyer in purchasing a principal residence. This increased distribution amount shall be adjusted annually for inflation for taxable years beginning after 2018.
Sponsored by: Rep. Sean Patrick Maloney
Introduced In House on 06/07/2017
Spread the world
US Congress 115th Congress
LOSAP CAP Act Length of Service Award Program Cap Adjustment Priority Act [S.1239]
[Taxes ]
[Finance ]
[Retirement ]
[Pensions ]
[Labor, Jobs, Employment ]
LOSAP CAP Act Length of Service Award Program Cap Adjustment Priority Act This bill amends the Internal Revenue Code, with respect to deferred compensation plans, to increase the limit on accruals that is required for length of service award plans (LOSAPs) for bona fide volunteers to be exempt from treatment as a deferred compensation plan. (Under current law, plans paying solely length of service awards to bona fide volunteers or their beneficiaries on the account of firefighting and prevention services, emergency medical services, and ambulance
(continued...)
Sponsored by: Sen. Susan M. Collins
Read Twice And Referred To The Committee On Finance. (sponsor Introductory Remarks On Measure: Cr S3216-3217) on 05/25/2017
Spread the world
US Congress 115th Congress
Portable Benefits for Independent Workers Pilot Program Act [S.1251]
[Labor, Jobs, Employment ]
[Grants ]
[Funding ]
[Small Business ]
[Technology and Innovation ]
[Economic Development ]
Portable Benefits for Independent Workers Pilot Program Act This bill requires the Department of Labor to award grants for FY2018, on a competitive basis, to states, local governments, or nonprofit organizations to support broad innovation and experimentation with respect to portable benefits. Portable benefits are work-related benefits that are provided to eligible workers for eligible work in a manner that allows the worker to maintain the benefits upon changing jobs. The grants must be used for: (1) the evaluation, or improvement to the design
(continued...)
Sponsored by: Sen. Angus S. King
Read Twice And Referred To The Committee On Health, Education, Labor, And Pensions. on 05/25/2017
Spread the world
US Congress 115th Congress
Portable Benefits for Independent Workers Pilot Program Act [HB-2685]
[Labor, Jobs, Employment ]
[Technology and Innovation ]
[Grants ]
[Funding ]
[Small Business ]
[Pensions ]
[Retirement ]
[Economic Development ]
Portable Benefits for Independent Workers Pilot Program Act This bill requires the Department of Labor to award grants for FY2018, on a competitive basis, to states, local governments, or nonprofit organizations to support broad innovation and experimentation with respect to portable benefits. Portable benefits are work-related benefits that are provided to eligible workers for eligible work in a manner that allows the worker to maintain the benefits upon changing jobs. The grants must be used for: (1) the evaluation, or improvement to the design
(continued...)
Sponsored by: Rep. Jared Polis
Introduced In House on 05/25/2017
Spread the world
US Congress 115th Congress
Healthy MOM Act Healthy Maternity and Obstetric Medicine Act [HB-2745]
[Healthcare ]
[Medicare and Medicaid ]
[Insurance ]
[Public Health ]
[Children and Youth ]
Healthy MOM Act Healthy Maternity and Obstetric Medicine Act This bill amends the Public Health Service Act and Internal Revenue Code to require health insurers, health insurance exchanges, and group health plans to offer a special enrollment period to pregnant individuals. The special enrollment period offered by an insurer or exchange must begin when the pregnancy is reported to the insurer or exchange. The special enrollment period offered by a group health plan must begin when the pregnancy is reported to the plan or is confirmed by a health
(continued...)
Sponsored by: Rep. Sean Patrick Maloney
Referred To The Subcommittee On Health. on 06/12/2017
Spread the world
US Congress 115th Congress
Miners Pension Protection Act [HB-2713]
[Pensions ]
[Labor, Jobs, Employment ]
[Energy ]
[Mining ]
[Budget and Spending ]
Miners Pension Protection Act This bill amends the Surface Mining Control and Reclamation Act of 1977 (SMCRA) to transfer certain funds to the 1974 United Mine Workers of America (UMWA) Pension Plan to provide pension benefits to retired coal miners and their families. The Department of the Treasury must transfer additional funds to the 1974 UMWA Pension Plan to pay pension benefits required under that plan if the amounts available for transfer under SMCRA's $490 million annual limit exceed the amounts required to be transferred for other purposes
(continued...)
Sponsored by: Rep. Alexander Mooney
Referred To The Subcommittee On Energy And Mineral Resources. on 06/14/2017
Spread the world
US Congress 115th Congress
Volunteer Responder Incentive Protection Act of 2017 [S.1238]
[Taxes ]
[Public Safety ]
[Healthcare ]
[Labor, Jobs, Employment ]
Volunteer Responder Incentive Protection Act of 2017 This bill amends Internal Revenue Code, with respect to the tax exclusion for benefits paid to volunteer firefighters and emergency medical providers by states and local governments, to: (1) increase the amount of benefits excludible, and (2) make the tax exclusion permanent.
Sponsored by: Sen. Susan M. Collins
Read Twice And Referred To The Committee On Finance. on 05/25/2017
Spread the world
US Congress 115th Congress
Working Families Relief Act [HB-2618]
[Taxes ]
[Labor, Jobs, Employment ]
[Small Business ]
[Children and Youth ]
[Family-Related Legislation ]
Working Families Relief Act This bill amends the Internal Revenue Code to increase and expand tax incentives for employer-provided dependent care assistance. The bill increases the limit on the amount excludible from the gross income of an employee for employer-provided dependent care assistance and requires annual inflation adjustments to such increased limit after 2018. The bill also allows tax credits for: (1) small employer dependent care assistance program start-up costs, and (2) employer matching contributions for dependent care assistance
(continued...)
Sponsored by: Rep. Patrick Meehan
Introduced In House on 05/24/2017
Spread the world
US Congress 115th Congress
Working Parents Flexibility Act of 2017 [HB-2533]
[Taxes ]
[Labor, Jobs, Employment ]
[Family-Related Legislation ]
[Children and Youth ]
Working Parents Flexibility Act of 2017 This bill amends the Internal Revenue Code to establish a tax-exempt parental leave savings account for the care of a child, to which an individual taxpayer who has earned income from employment during the past 12 months may make tax deductible cash contributions of up to $6,750 in a taxable year and not more than an aggregate of $24,000 for all taxable years. Taxpayers whose adjusted gross income exceeds $250,000 in a taxable year are ineligible for such a tax deduction. The bill excludes from gross income:
(continued...)
Sponsored by: Rep. John Katko
Introduced In House on 05/18/2017
Spread the world
US Congress 115th Congress
Employee Benefits Protection Act of 2017 [HB-2578]
[Labor, Jobs, Employment ]
[Healthcare ]
[Insurance ]
[Retirement ]
[Pensions ]
Employee Benefits Protection Act of 2017 This bill amends the Employee Retirement Income Security Act of 1974 (ERISA) to require the mandatory summary description of a group health plan to specify: (1) whether the plan permits either the plan sponsor or any participating employer to unilaterally modify or terminate plan benefits affecting employees, retirees, and beneficiaries; and (2) when and to what extent plan benefits are fully vested with respect to these individuals. In law suits involving group health plan benefits, a presumption is established
(continued...)
Sponsored by: Rep. James P. McGovern
Introduced In House on 05/19/2017
Spread the world
US Congress 115th Congress
Broader Options for Americans Act [HB-2579]
[Healthcare ]
[Insurance ]
[Taxes ]
[Medicare and Medicaid ]
Broader Options for Americans Act (Sec. 2) This bill amends the Internal Revenue Code to allow the premium assistance tax credit to be used for unsubsidized COBRA continuation health coverage. (Under the Consolidated Omnibus Budget Reconciliation Act of 1985 [COBRA], an individual may continue to receive coverage under an employer-sponsored health plan after an event that would otherwise end coverage, such as a termination of employment. This bill applies to COBRA continuation coverage if the premiums are solely the obligation of the taxpayer.)
(continued...)
Sponsored by: Rep. Patrick J. Tiberi
S.amdt.1959 Considered By Senate. (consideration: Cr S1131, S1148) on 02/15/2018
Spread the world
US Congress 115th Congress
Bike to Work Act of 2017 [HB-2559]
[Taxes ]
[Transportation and Motor Vehicles ]
[Labor, Jobs, Employment ]
Bike to Work Act of 2017 This bill amends the Internal Revenue Code to include a bicycle sharing system as a mass transit facility for purposes of the tax exclusion of employer-paid commuting expenses. The bill defines "bicycle sharing system" as a public transportation system: (1) consisting of a network of stations at which bicycles are made available to customers for commuting and short-term, point-to-point use within the network's service area; and (2) that is operated or authorized by a government agency or public-private partnership.
Sponsored by: Rep. Erik Paulsen
Introduced In House on 05/19/2017