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S 5064 116th Congress Senate Taxation Administrative law and regulatory procedures Department of the Treasury Employee benefits and pensions Income tax credits Licensing and registrations Small business

Improving Access to Retirement Savings Act

Introduced: December 18, 2020 Introduced by: Grassley, Chuck Republican · Iowa 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
Dec 18, 2020
Read twice and referred to the Committee on Finance.
Dec 18, 2020
Introduced in Senate
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 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.

What's happening now December 18, 2020

Read twice and referred to the Committee on Finance.

 Related & companion bills 1
  • HR 8696 Related bill 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/)
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