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S 2087 107th Congress Senate

A bill to amend the Internal Revenue Code of 1986 to allow employers a credit against income tax for the provision of independent investment advice to employees.

Introduced: April 10, 2002 See on congress.gov
Taxation Business income taxCommerceCorporate collapseEmployee pensions
More subjectsShow fewer subjects
Finance and Financial SectorFinancial planningFringe benefitsIncome taxInvestment advisersLabor and EmploymentTax credits
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This bill died when the 107th Congress ended
It never became law before the 107th Congress (2001–2002) 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
Apr 10, 2002
Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S2489)
Apr 10, 2002
Sponsor introductory remarks on measure. (CR S2488-2489)
Apr 10, 2002
Introduced in Senate
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 Latest action April 10, 2002

Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S2489)

 Plain-English summary Congressional Research Service
Amends the Internal Revenue Code to give employers a tax credit of 40% (60% in the case of a small employer) of the qualified independent investment advice services they provide in a taxable year to their employees. Limits to $50 the amount of services which may be taken into account annually per employee per firm and sets an annual maximum limit of $50,000 (when added to such credits allowed for all previous years) per employer.

Stipulates that investment advice shall not be considered valid unless such services are offered in a way that does not discriminate in favor of highly compensated employees.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 1
All 1 Republican 1
R
Collins, Susan M.
Maine · Apr 10, 2002
Cite this page click to expand
APA
U.S. Congress. (2026). S. 2087: A bill to amend the Internal Revenue Code of 1986 to allow employers a credit against income tax for the provision of independent investment advice to employees.. 107th Congress. Open America. https://openamerica.io/bill/107-S-2087/
MLA
"S. 2087: A bill to amend the Internal Revenue Code of 1986 to allow employers a credit against income tax for the provision of independent investment advice to employees.." 107th Congress, 2026, Open America, https://openamerica.io/bill/107-S-2087/.
Bluebook (legal)
S. 2087, 107th Cong. (2026), https://openamerica.io/bill/107-S-2087/.
Markdown link
[S. 2087: A bill to amend the Internal Revenue Code of 1986 to allow employers a credit against income tax for the provision of independent investment advice to employees.](https://openamerica.io/bill/107-S-2087/)
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