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S 3197 115th Congress Senate Taxation Congressional oversight Employee benefits and pensions Government information and archives Income tax deferral Income tax exclusion Income tax rates

SIMPLE Plan Modernization Act

Introduced: July 11, 2018 Introduced by: Collins, Susan M. Republican · Maine See on congress.gov
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This bill died when the 115th Congress ended
It never became law before the 115th Congress (2017–2018) 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 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jul 11, 2018
Read twice and referred to the Committee on Finance. (sponsor introductory remarks on measure: CR S4917-4918)
Jul 11, 2018
Introduced in Senate
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 Plain-English summary Congressional Research Service

SIMPLE Plan Modernization Act

This bill modifies the requirements for SIMPLE (Savings Incentive Match Plan for Employees) Individual Retirement Accounts (IRAs), which are tax-favored retirement accounts that small businesses may provide to employees. The bill increases the contribution limits for certain SIMPLE IRAs and modifies the requirements for replacing SIMPLE IRAs with 401(k) plans.

What's happening now July 11, 2018

Read twice and referred to the Committee on Finance. (sponsor introductory remarks on measure: CR S4917-4918)

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 1
All 1 Democratic 1
D
Warner, Mark R.
Virginia · Jul 11, 2018
Cite this page click to expand
APA
U.S. Congress. (2026). S. 3197: SIMPLE Plan Modernization Act. 115th Congress. Open America. https://openamerica.io/bill/115-S-3197/
MLA
"S. 3197: SIMPLE Plan Modernization Act." 115th Congress, 2026, Open America, https://openamerica.io/bill/115-S-3197/.
Bluebook (legal)
S. 3197, 115th Cong. (2026), https://openamerica.io/bill/115-S-3197/.
Markdown link
[S. 3197: SIMPLE Plan Modernization Act](https://openamerica.io/bill/115-S-3197/)
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