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S 4398 United States Senate · 118th Congress

Retirement Investment in Small Employers Act

Summary
Retirement Investment in Small Employers Act  This bill allows an increased tax credit for small employer pension plan startup costs for certain qualified microemployers (eligible employers who accept certain matching contributions).
Issues: ✓ Budget & TaxesSupports Budget & TaxesProvides increased tax credit for small employer pension plans, offering tax relief to qualifying businesses.95% confidence ✓ Labor & EmploymentSupports Labor & EmploymentBill provides tax credit to help small employers offer pension plans, directly advancing employee retirement benefits under employment standards.92% confidence
Bill status in committee 1 of 4 stages cleared
Introduction
May 2024
Committee Review
Floor Vote
President
Introduced May 23, 2024 Last action May 23, 2024
Floor votes

How they voted

No floor votes recorded yet.
Full legislative history

Actions timeline

Total actions
2
Key actions
0
Committee
1
May 23, 2024
Committee
Read twice and referred to the Committee on Finance.
upper
May 23, 2024
Introduced
Introduced in Senate
upper
1 primary · 1 co-sponsor

Sponsors

Role
Legislator
Party
State
District
P
Photo of Margaret Wood Hassan
Margaret Wood Hassan
DDemocratic
NH
n/a
Co
Photo of Ted Budd
Ted Budd
RRepublican
NC
n/a