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Starter-K Act of 2022

12/29/2022, 5:18 PM

Summary of Bill HR 8125

Bill 117 HR 8125, also known as the Starter-K Act of 2022, is a piece of legislation introduced in the US Congress with the aim of expanding access to early childhood education for children from low-income families. The bill seeks to provide funding for states to establish or expand high-quality preschool programs for children aged three and four.

Under the Starter-K Act, states would be eligible to receive federal grants to support the development and implementation of preschool programs that meet certain quality standards. These standards include requirements for teacher qualifications, class sizes, and curriculum content. The bill also includes provisions for monitoring and evaluating the effectiveness of these programs to ensure that they are meeting the needs of children and families.

In addition to funding for preschool programs, the Starter-K Act also includes support for professional development for early childhood educators and incentives for states to improve coordination between preschool and other early childhood programs. The bill aims to address disparities in access to high-quality early childhood education and to ensure that all children have the opportunity to start school ready to learn. Overall, the Starter-K Act of 2022 represents a bipartisan effort to invest in the future of our children by expanding access to high-quality early childhood education. By providing funding and support for states to establish or expand preschool programs, the bill aims to improve outcomes for children from low-income families and to promote long-term success in school and beyond.

Congressional Summary of HR 8125

Starter-K Act of 2022

This bill allows employers who do not provide a retirement plan to establish a starter 401(k) deferral-only arrangement for plan years beginning after 2022. The bill defines starter 401(k) deferral-only arrangement as any cash or deferred arrangement that meets specified automatic deferral requirements, contribution limitations, and notice requirements. Such arrangements also allow catch-up contributions for individuals age 50 and over and exempt such employers from complying with certain participation and discrimination standards.

Current Status of Bill HR 8125

Bill HR 8125 is currently in the status of Bill Introduced since June 16, 2022. Bill HR 8125 was introduced during Congress 117 and was introduced to the House on June 16, 2022.  Bill HR 8125's most recent activity was Referred to the Committee on Ways and Means, and in addition to the Committee on Education and Labor, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. as of June 16, 2022

Bipartisan Support of Bill HR 8125

Total Number of Sponsors
1
Democrat Sponsors
1
Republican Sponsors
0
Unaffiliated Sponsors
0
Total Number of Cosponsors
2
Democrat Cosponsors
0
Republican Cosponsors
2
Unaffiliated Cosponsors
0

Policy Area and Potential Impact of Bill HR 8125

Primary Policy Focus

Taxation

Alternate Title(s) of Bill HR 8125

Starter-K Act of 2022
Starter-K Act of 2022
To amend the Internal Revenue Code of 1986 to provide for starter 401(k)s for employers with no retirement plans, and for other purposes.

Comments

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