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S 1856 105th Congress Senate

Enhanced Savings Opportunities Act

Official title: A bill to amend the Internal Revenue Code of 1986 to provide equitable treatment for contributions by employees to defined contribution pension plans.

Introduced: March 25, 1998 Introduced by: Grassley, Chuck Republican · Iowa See on congress.gov
Taxation AnnuitiesClergyDefined contribution plansLabor and Employment
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Pension fundsReligionTax-deferred compensation plansWages
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This bill died when the 105th Congress ended
It never became law before the 105th Congress (1997–1998) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Mar 25, 1998
Read twice and referred to the Committee on Finance.
Mar 25, 1998
Sponsor introductory remarks on measure. (CR S2570-2571)
Mar 25, 1998
Introduced in Senate
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 Latest action March 25, 1998

Read twice and referred to the Committee on Finance.

 Plain-English summary Congressional Research Service

Enhanced Savings Opportunities Act - Amends the Internal Revenue Code to permit maximum employee contributions to a defined contribution plan to be the lesser of either $30,000 or the participant's compensation, rather than the lesser of $30,000 or 25 percent of the participant's compensation. Makes conforming amendments regarding tax-exempt, educational, and State and local employee annuity plans.

 Related & companion bills 1
  • HR 3663 Identical bill Enhanced Savings Opportunities Act
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
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APA
U.S. Congress. (2026). S. 1856: Enhanced Savings Opportunities Act. 105th Congress. Open America. https://openamerica.io/bill/105-S-1856/
MLA
"S. 1856: Enhanced Savings Opportunities Act." 105th Congress, 2026, Open America, https://openamerica.io/bill/105-S-1856/.
Bluebook (legal)
S. 1856, 105th Cong. (2026), https://openamerica.io/bill/105-S-1856/.
Markdown link
[S. 1856: Enhanced Savings Opportunities Act](https://openamerica.io/bill/105-S-1856/)
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