Retirement Parity for Student Loans Act

House Bill 6276 - Retirement Parity for Student Loans Act: Overview, Status, and Impact

Hozzl · 2022-02-08T23:54:45Z

Explore the details of House Bill 6276 Retirement Parity for Student Loans Act currently in Congress. Get insights into its purpose, current status, sponsors, and potential impact on Taxation. Stay informed on legislative developments.

2/8/2022, 11:54 PM

Congressional Summary of HR 6276

Retirement Parity for Student Loans Act

This bill allows certain employer-sponsored retirement plans to make matching contributions for an employee's student loan payments as if the loan payments were salary reduction contributions to the retirement plan.

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Current Status of Bill HR 6276

Bill HR 6276 is currently in the status of Bill Introduced since March 13, 2020. Bill HR 6276 was introduced during Congress 116 and was introduced to the House on March 13, 2020. Bill HR 6276's most recent activity was Referred to the House Committee on Ways and Means. as of March 13, 2020

Bipartisan Support of Bill HR 6276

Total Number of Sponsors

Democrat Sponsors

Republican Sponsors

Unaffiliated Sponsors

Total Number of Cosponsors

Democrat Cosponsors

Republican Cosponsors

Unaffiliated Cosponsors

Policy Area and Potential Impact of Bill HR 6276

Primary Policy Focus

Taxation

Potential Impact Areas

- Administrative law and regulatory procedures

- Department of the Treasury

- Employee benefits and pensions

- Higher education

- Income tax deferral

- Student aid and college costs

- Wages and earnings

Alternate Title(s) of Bill HR 6276

Retirement Parity for Student Loans Act

To amend the Internal Revenue Code of 1986 to permit treatment of student loan payments as elective deferrals for purposes of employer matching contributions, and for other purposes.

Retirement Parity for Student Loans Act