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HR 2927 117th Congress House Taxation Employee benefits and pensions Income tax deferral Sales and excise taxes Securities Small business Tax administration and collection, taxpayers

SAVE Act of 2021

Introduced: April 30, 2021 See on congress.gov
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This bill died when the 117th Congress ended
It never became law before the 117th Congress (2021–2022) 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
Apr 30, 2021
Referred to the Committee on Ways and Means, and in addition to the Committee on Education and Labor, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Apr 30, 2021
Introduced in House
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 Plain-English summary Congressional Research Service

Savings for All Vocations Enhancement Act of 2021 or the SAVE Act of 2021

This bill modifies provisions relating to tax-exempt retirement plans. It (1) allows employers who establish a tax-exempt 403(b) pension plan to participate in a multiple employer plan, (2) allows employers who join an existing pension plan to take the tax credit for small employer pension plans start-up costs, (3) makes certain findings relating to S corporation employee stock ownership plans (ESOPs), (4) reduces the excise tax on certain accumulations in tax-exempt retirement plans and on failures to take required minimum plan distributions, and (5) sets forth a statute of limitations rule for purposes of the excise tax on excess plan contributions and accumulations in connection with an individual retirement plan.

What's happening now April 30, 2021

Referred to the Committee on Ways and Means, and in addition to the Committee on Education and Labor, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

 Related & companion bills 1
  • HR 2954 Related bill Securing a Strong Retirement Act of 2022
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 2
 Cosponsors 2
All 2 Republican 2
R
Kelly, Mike
Pennsylvania · Apr 30, 2021
 R
Smith, Jason
Missouri · Apr 30, 2021
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 2927: SAVE Act of 2021. 117th Congress. Open America. https://openamerica.io/bill/117-HR-2927/
MLA
"H.R. 2927: SAVE Act of 2021." 117th Congress, 2026, Open America, https://openamerica.io/bill/117-HR-2927/.
Bluebook (legal)
H.R. 2927, 117th Cong. (2026), https://openamerica.io/bill/117-HR-2927/.
Markdown link
[H.R. 2927: SAVE Act of 2021](https://openamerica.io/bill/117-HR-2927/)
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