Increasing Small Business Retirement Choices Act

3/13/2024, 2:20 AM

Increasing Small Business Retirement Choices Act

This bill permits an employer to use a retirement plan's assets for incidental expenses that are solely for the benefit of the plan's participants and their beneficiaries.

Congress
117
Number
S - 4086
Introduced on
2022-04-26
# Amendments
0
Sponsors
+5
Cosponsors
+5

Variations and Revisions

4/26/2022
Text
PDF
XML

Status of Legislation

Bill Introduced
Introduced to House
House to Vote
Introduced to Senate
Senate to Vote

Purpose and Summary

Increasing Small Business Retirement Choices Act

This bill permits an employer to use a retirement plan's assets for incidental expenses that are solely for the benefit of the plan's participants and their beneficiaries.

Alternative Names
Official Title as IntroducedA bill to amend the Employee Retirement Income Security Act of 1974 to better enable plan sponsors to implement beneficial plan features.
Policy Areas
Commerce

Comments

Recent Activity

Latest Summary8/4/2023

Increasing Small Business Retirement Choices Act

This bill permits an employer to use a retirement plan's assets for incidental expenses that are solely for the benefit of the plan's participants and their beneficiaries.

Latest Action4/26/2022
Read twice and referred to the Committee on Health, Education, Labor, and Pensions.