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S 1970 113th Congress Senate

Retirement Security Act of 2014

Official title: A bill to amend the Internal Revenue Code of 1986 to modify safe harbor requirements applicable to automatic contribution arrangements, and for other purposes.

Introduced: January 29, 2014 Introduced by: Collins, Susan M. Republican · Maine See on congress.gov
Taxation Administrative law and regulatory proceduresDepartment of the TreasuryEmployee benefits and pensionsFinancial services and investments
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Income tax creditsSmall businessTax administration and collection, taxpayers
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This bill died when the 113th Congress ended
It never became law before the 113th Congress (2013–2014) 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
Jan 29, 2014
Read twice and referred to the Committee on Finance.
Jan 29, 2014
Sponsor introductory remarks on measure. (CR S600-601)
Jan 29, 2014
Introduced in Senate
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 Latest action January 29, 2014

Read twice and referred to the Committee on Finance.

 Plain-English summary Congressional Research Service

Retirement Security Act of 2014 - Directs the Secretary of the Treasury to: (1) prescribe final regulations to permit employers to participate in multiple employer pension benefit plans, (2) promulgate regulations or other guidance to simplify and clarify rules relating to the timing of participant notices required under tax-preferred pension plans and the automatic escalation rules, and (3) modify the 1040EZ tax return form to allow taxpayers to claim the tax credit for retirement savings (saver's credit) on such form.

Amends the Employee Retirement Income Security Act of 1974 (ERISA) and the Internal Revenue Code, with respect to employer pension benefit plans, to: (1) allow employers to maintain a tax-exempt multiple employer pension benefit plan even if the employers sponsoring the plan share no common interest, (2) modify requirements for secure deferral arrangements with respect to nondiscrimination and employer matching contributions, and (3) allow employers with not more than 100 employees a business-related tax credit to cover increased matching contributions required by this Act.

 Related & companion bills 4
  • HR 2171 Related bill Lifetime Income Disclosure Act
  • HR 5875 Related bill SAVE Act of 2014
  • S 1145 Related bill Lifetime Income Disclosure Act
  • HR 4376 Identical bill Retirement Security Act of 2014
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 1
All 1 Democratic 1
D
Klobuchar, Amy
Minnesota · Jun 2, 2014
Cite this page click to expand
APA
U.S. Congress. (2026). S. 1970: Retirement Security Act of 2014. 113th Congress. Open America. https://openamerica.io/bill/113-S-1970/
MLA
"S. 1970: Retirement Security Act of 2014." 113th Congress, 2026, Open America, https://openamerica.io/bill/113-S-1970/.
Bluebook (legal)
S. 1970, 113th Cong. (2026), https://openamerica.io/bill/113-S-1970/.
Markdown link
[S. 1970: Retirement Security Act of 2014](https://openamerica.io/bill/113-S-1970/)
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