HOUSE 1994116th CongressReceived in the Senate.

Setting Every Community Up for Retirement Enhancement Act of 2019

Last Action: 6/3/2019

Actions

2019-06-03Received in the Senate.
2019-05-23The Clerk was authorized to correct section numbers, punctuation, and cross references, and to make other necessary technical and conforming corrections in the engrossment of H.R. 1994.
2019-05-23Motion to reconsider laid on the table Agreed to without objection.
2019-05-23On passage Passed by the Yeas and Nays: 417 - 3 (Roll no. 231). (text: CR H4124-4135)
2019-05-23Passed/agreed to in House: On passage Passed by the Yeas and Nays: 417 - 3 (Roll no. 231).(text: CR H4124-4135)
2019-05-23On motion to recommit with instructions Failed by recorded vote: 200 - 222 (Roll no. 230).
2019-05-23The previous question on the motion to recommit with instructions was ordered without objection.
2019-05-23DEBATE - The House proceeded with 10 minutes of debate on the McHenry motion to recommit with instructions. The instructions contained in the motion seek to require the bill to be reported back to the House with an amendment to add a new section at the end of title IV entitled "Reports by Taxpayers Engaged in Boycotts Etc. Affecting Israel"
2019-05-23Mr. McHenry moved to recommit with instructions to the Committee on Ways and Means. (text: CR H4147)
2019-05-23Considered as unfinished business. (consideration: CR H4146-4149)
2019-05-23POSTPONED PROCEEDINGS - Pursuant to clause 1(c) of Rule 19, the Chair postponed further proceedings on H.R. 1994.
2019-05-23The previous question was ordered pursuant to the rule.
2019-05-23DEBATE - The House proceeded with one hour of debate on H.R. 1994.
2019-05-23Rule provides for consideration of H.R. 1500 and H.R. 1994. The resolution provides for one hour of debate on H.R. 1500, under a structured rule, and provides for one hour of debate on H.R. 1994, under a closed rule. The resolution provides for proceedings during the period from May 24, 2019, through May 31, 2019, and provides for motions to suspend the rules on the legislative day of May 23, 2019.
2019-05-23Considered under the provisions of rule H. Res. 389. (consideration: CR H4124-4146)

Showing 15 of 20 actions. Full history on Congress.gov.

CRS Summary

As of 2019-05-23 (53)

Setting Every Community Up for Retirement Enhancement Act of 2019

This bill modifies the requirements for employer-provided retirement plans, individual retirement accounts (IRAs), and other tax-favored savings accounts.

With respect to employer-provided retirement plans, the bill modifies requirements regarding

automatic enrollment and nonelective contributions;
tax credits for small employers that establish certain plans;
loans;
lifetime income options;
the treatment of custodial accounts upon termination of section 403(b) plans;
retirement income accounts for church-controlled organizations;
the eligibility rules for certain long-term, part-time employees;
required minimum distributions;
nondiscrimination rules; and
minimum funding standards for community newspaper plans.

The bill also includes provisions that

treat taxable non-tuition fellowship and stipend payments as compensation for the purpose of an IRA,
repeal the maximum age for traditional IRA contributions,
treat difficulty of care payments as compensation for determining contribution limits for retirement accounts,
allow penalty-free withdrawals from retirement plans if a child is born or adopted,
expand the purposes for which qualified tuition programs (commonly known as 529 plans) may be used,
reinstate and increase the tax exclusion for certain benefits provided to volunteer firefighters and emergency medical responders,
increase penalties for failing to file tax returns, and
require the Internal Revenue Service to share tax information with U.S. Customs Border Protection to administer the heavy vehicle use tax.

Cosponsors (20)

KEVIN BRADY (R-TX)
RON KIND (D-WI)
Mike Kelly (R-PA)
Blaine Luetkemeyer (R-MO)
Joe Courtney (D-CT)
Ann Wagner (R-MO)
Dwight Evans (D-PA)
Ted Budd (R-NC)
Bradley Schneider (D-IL)
WILLIAM PASCRELL (D-NJ)
Jimmy Panetta (D-CA)
Pete Stauber (R-MN)
Cynthia Axne (D-IA)
Lori Trahan (D-MA)
Stephanie Murphy (D-FL)
Donald Beyer (D-VA)
JOHN LARSON (D-CT)
Linda Sánchez (D-CA)
EARL BLUMENAUER (D-OR)
MIKE THOMPSON (D-CA)

Subjects

Administrative law and regulatory procedures
Adoption and foster care
Aging
Bank accounts, deposits, capital
Department of Labor
Elementary and secondary education
Emergency medical services and trauma care
Employee benefits and pensions
Financial services and investments
Fires
First responders and emergency personnel
Government information and archives
Health personnel
Higher education
Income tax credits
Income tax deductions
Income tax deferral
Income tax exclusion
Income tax rates

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