Skip to main content
S. 5064 116th Congress Senate

Improving Access to Retirement Savings Act

Official title: A bill to amend the Internal Revenue Code of 1986 to increase retirement savings, to improve retirement plan administration, and for other purposes.

Introduced: December 18, 2020 Introduced by: Chuck Grassley Republican · Iowa See on congress.gov
Taxation Administrative law and regulatory proceduresDepartment of the TreasuryEmployee benefits and pensionsIncome tax credits
More subjectsShow fewer subjects
Licensing and registrationsSmall business
Sign in to write a letter Sign in to watch
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
Dec 18, 2020
Read twice and referred to the Committee on Finance.
Dec 18, 2020
Introduced in Senate
 Ask about this bill AI · grounded in the bill text

Have a question about what this bill does? Ask in plain English; the answer is drawn from the bill's actual text and official record, and it'll tell you when something isn't in the text rather than guess.

AI answers can be imperfect; always confirm against the full bill text.

 Latest action December 18, 2020

Read twice and referred to the Committee on Finance.

 Plain-English summary Congressional Research Service

Improving Access to Retirement Savings Act

This bill allows employers who establish a tax-exempt 403(b) pension plan to participate in a multiple employer plan (MEP) and to take the small employer pension plan start-up tax credit for their first three years of participation in a MEP.

The bill also establishes a safe harbor to allow certain pension plans to correct errors in administering automatic enrollment and escalation features for plans enrolling in a MEP, if such errors are corrected within a specified time period in a manner favorable to plan participants.

 Related & companion bills 1
  • HR 8696 Securing a Strong Retirement Act of 2020
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 2
All 2 Democratic 1 Republican 1
D
Hassan, Margaret Wood
New Hampshire · Dec 18, 2020
 R
Lankford, James
Oklahoma · Dec 18, 2020
Cite this page click to expand
APA
U.S. Congress. (2026). S. 5064: Improving Access to Retirement Savings Act. 116th Congress. Open America. https://openamerica.io/bill/116-S-5064/
MLA
"S. 5064: Improving Access to Retirement Savings Act." 116th Congress, 2026, Open America, https://openamerica.io/bill/116-S-5064/.
Bluebook (legal)
S. 5064, 116th Cong. (2026), https://openamerica.io/bill/116-S-5064/.
Markdown link
[S. 5064: Improving Access to Retirement Savings Act](https://openamerica.io/bill/116-S-5064/)
Report a problem