Keeping Your Retirement Act of 2021

Senate Bill 1959 - Keeping Your Retirement Act of 2021: Overview, Status, and Impact

Hozzl · 2022-12-30T21:31:03Z

Explore the details of Senate Bill 1959 Keeping Your Retirement Act of 2021 currently in Congress. Get insights into its purpose, current status, sponsors, and potential impact on Taxation. Stay informed on legislative developments.

12/30/2022, 9:31 PM

Congressional Summary of S 1959

Keeping Your Retirement Act of 2021

This bill increases from 72 to 75 the age for mandatory distributions from tax-exempt retirement plans.

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Current Status of Bill S 1959

Bill S 1959 is currently in the status of Bill Introduced since June 7, 2021. Bill S 1959 was introduced during Congress 117 and was introduced to the Senate on June 7, 2021. Bill S 1959's most recent activity was Read twice and referred to the Committee on Finance. as of June 7, 2021

Bipartisan Support of Bill S 1959

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 S 1959

Primary Policy Focus

Taxation

Potential Impact Areas

- Employee benefits and pensions

- Income tax deferral

Alternate Title(s) of Bill S 1959

A bill to amend the Internal Revenue Code of 1986 to increase the age for required mandatory distributions from retirement accounts, and for other purposes.

Keeping Your Retirement Act of 2021