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Increasing Small Business Retirement Choices Act

3/13/2024, 2:20 AM

Congressional Summary of S 4086

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.

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Current Status of Bill S 4086

Bill S 4086 is currently in the status of Bill Introduced since April 26, 2022. Bill S 4086 was introduced during Congress 117 and was introduced to the Senate on April 26, 2022.  Bill S 4086's most recent activity was Read twice and referred to the Committee on Health, Education, Labor, and Pensions. as of April 26, 2022

Bipartisan Support of Bill S 4086

Total Number of Sponsors
1
Democrat Sponsors
1
Republican Sponsors
0
Unaffiliated Sponsors
0
Total Number of Cosponsors
1
Democrat Cosponsors
0
Republican Cosponsors
1
Unaffiliated Cosponsors
0

Policy Area and Potential Impact of Bill S 4086

Primary Policy Focus

Commerce

Alternate Title(s) of Bill S 4086

Increasing Small Business Retirement Choices Act
Increasing Small Business Retirement Choices Act
A bill to amend the Employee Retirement Income Security Act of 1974 to better enable plan sponsors to implement beneficial plan features.

Comments

Sponsors and Cosponsors of S 4086

Jacky Rosen
Jacky Rosen
NevadaDemocrat
Tim Scott
Tim Scott
South CarolinaRepublican

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