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H.R. 3902

Referred to Committee

Small Employer Retirement Savings Auto-Enrollment Credit Act

Introduced 10/2/2017•115th Congress•House

Latest Action

Referred to the House Committee on Ways and Means.

10/2/2017 • House

Summary

Small Employer Retirement Savings Auto-Enrollment Credit Act

This bill amends the Internal Revenue Code to allow a three-year $500 business-related tax credit for eligible small employers who include and maintain an automatic contribution arrangement in an employer-sponsored retirement plan.

An "eligible employer" is an employer with no more than 100 employees who received at least $5,000 of compensation from the employer for the preceding year.

Introduced in House • 10/2/2017

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Topics & Subjects

Policy Area: Taxation
Employee benefits and pensionsIncome tax creditsSmall business

Congressional Votes (0)

No recorded votes yet

Roll call votes will appear here as the bill moves through Congress

Related Federal Spending

Sponsor & Cosponsors (2)

Party Breakdown

1
Democrats
1
Republicans
0
Independents

Sponsor

R[
Rep. Bishop, Mike [R-MI-8]

Republican • MI-8

Sponsored 10/2/2017

Cosponsors (1)

R[
Rep. Neal, Richard E. [D-MA-1]

D-MA-1

Joined 10/2/2017

Bill Journey

Originated in the House

Introduced

October 2, 2017

Referred to the House Committee on Ways and Means.

Committee Review

Floor Debate

Passed Chamber

Other Chamber

President

Enacted into Law

Text Versions (1)

Introduced in House10/2/2017

Details

Bill TypeHR
Current StatusReferred to Committee
Cosponsors1