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Retirement Security Act of 2019

Introduced: February 4, 2019 Introduced by: Collins, Susan M. Republican · Maine 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
Feb 4, 2019
Read twice and referred to the Committee on Finance. (Sponsor introductory remarks on measure: CR S834-835)
Feb 4, 2019
Introduced in Senate
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 Plain-English summary Congressional Research Service

Retirement Security Act of 2019

This bill modifies various requirements and tax credits for employer-provided retirement plans.

The bill modifies the qualification requirements for certain multiple employer plans with pooled providers. The bill applies to defined contribution plans that (1) are maintained by employers that have a common interest other than having adopted the plan, or (2) have a pooled plan provider. Such a plan that meets specified requirements may not be disqualified or otherwise lose its tax-favored status because a participating employer fails to take actions required with respect to the plan.

The bill also (1) permits pooled employer plans that meet certain requirements to be treated under the Employee Retirement Income Security Act of 1974 (ERISA) as a single employee pension benefit plan or single pension plan that is a multiple employer plan, and (2) modifies reporting requirements for pooled employer and multiple employer plans.

With respect to 401(k) retirement plans, the bill (1) modifies requirements related to default rates for elective deferrals under automatic enrollment plans, the election of safe harbor 401(k) status, and nondiscrimination rules; (2) allows a business-related safe harbor adoption tax credit for small employers, and (3) requires the Department of the Treasury to simplify regulations regarding the timing of participant notices.

The bill also (1) increases the limit on the amount of the tax credit for small employer pension plan startup costs, and (2) allows a business-related tax credit for small employers who include and maintain an automatic contribution arrangement in an employer-sponsored retirement plan.

What's happening now February 4, 2019

Read twice and referred to the Committee on Finance. (Sponsor introductory remarks on measure: CR S834-835)

 Related & companion bills 5
  • HR 1007 Related bill Retirement Enhancement and Savings Act of 2019
  • HR 1084 Related bill Family Savings Act of 2019
  • HR 1993 Related bill Providing Retirement Security to Workers in Small Businesses, Cooperatives, and Service Organizations Act of 2019
  • HR 1865 Related bill Further Consolidated Appropriations Act, 2020
  • HR 1938 Related bill Small Employer Retirement Savings Auto-Enrollment Credit Act
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 1
All 1 Democratic 1
D
Hassan, Margaret Wood
New Hampshire · Feb 4, 2019
Cite this page click to expand
APA
U.S. Congress. (2026). S. 321: Retirement Security Act of 2019. 116th Congress. Open America. https://openamerica.io/bill/116-S-321/
MLA
"S. 321: Retirement Security Act of 2019." 116th Congress, 2026, Open America, https://openamerica.io/bill/116-S-321/.
Bluebook (legal)
S. 321, 116th Cong. (2026), https://openamerica.io/bill/116-S-321/.
Markdown link
[S. 321: Retirement Security Act of 2019](https://openamerica.io/bill/116-S-321/)
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