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S. 3197

Referred to Committee

SIMPLE Plan Modernization Act

Introduced 7/11/2018•115th Congress•Senate
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Latest Action

Read twice and referred to the Committee on Finance. (sponsor introductory remarks on measure: CR S4917-4918)

7/11/2018 • Senate

Summary

SIMPLE Plan Modernization Act

This bill modifies the requirements for SIMPLE (Savings Incentive Match Plan for Employees) Individual Retirement Accounts (IRAs), which are tax-favored retirement accounts that small businesses may provide to employees. The bill increases the contribution limits for certain SIMPLE IRAs and modifies the requirements for replacing SIMPLE IRAs with 401(k) plans.

Introduced in Senate • 7/11/2018

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Topics & Subjects

Policy Area: Taxation
Congressional oversightEmployee benefits and pensionsGovernment information and archivesIncome tax deferralIncome tax exclusionIncome tax rates

Congressional Votes (0)

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Related Federal Spending

Sponsor & Cosponsors (2)

Party Breakdown

1
Democrats
1
Republicans
0
Independents

Sponsor

S[
Sen. Collins, Susan M. [R-ME]

Republican • ME

Sponsored 7/11/2018

Cosponsors (1)

S[
Sen. Warner, Mark R. [D-VA]

D-VA

Joined 7/11/2018

Bill Journey

Originated in the Senate

Introduced

July 11, 2018

Read twice and referred to the Committee on Finance. (sponsor introductory remarks on measure: CR S4917-4918)

Committee Review

Floor Debate

Passed Chamber

Other Chamber

President

Enacted into Law

Text Versions (1)

Introduced in Senate7/11/2018
Formatted TextPDFFormatted XML

Related Bills (1)

S. 322

SIMPLE Plan Modernization Act

RelatedView bill →

Committee

Finance Committee

Senate

View committee →

Details

Bill TypeS
Current StatusReferred to Committee
Cosponsors1
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