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HR 8083 116th Congress House Taxation Economic performance and conditions Employee benefits and pensions Income tax credits Unemployment

Preserving Employee Retirement Savings Act of 2020

Introduced: August 21, 2020 Introduced by: Schneider, Bradley Scott Democratic · Illinois See on congress.gov
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This bill died when the 116th Congress ended
It never became law before the 116th Congress (2019–2020) 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
Aug 21, 2020
Referred to the House Committee on Ways and Means.
Aug 21, 2020
Introduced in House
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 Plain-English summary Congressional Research Service

Preserving Employee Retirement Savings Act of 2020

This bill allows an employer that has a temporary substantial business hardship and, if not a tax-exempt or cooperative organization, does not have more that $41.5 million in gross receipts a tax credit for 20% of retirement contributions made to employee retirement accounts. The amount of such credit for any employer may not exceed $100,000 in any taxable year.

What's happening now August 21, 2020

Referred to the House Committee on Ways and Means.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 1
All 1 Republican 1
R
Kelly, Mike
Pennsylvania · Aug 21, 2020
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 8083: Preserving Employee Retirement Savings Act of 2020. 116th Congress. Open America. https://openamerica.io/bill/116-HR-8083/
MLA
"H.R. 8083: Preserving Employee Retirement Savings Act of 2020." 116th Congress, 2026, Open America, https://openamerica.io/bill/116-HR-8083/.
Bluebook (legal)
H.R. 8083, 116th Cong. (2026), https://openamerica.io/bill/116-HR-8083/.
Markdown link
[H.R. 8083: Preserving Employee Retirement Savings Act of 2020](https://openamerica.io/bill/116-HR-8083/)
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