H.R. 1007: Retirement Enhancement and Savings Act of 2019

116th Congress · introduced 2019-02-06 · Taxation · Latest: 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.

federal

Follow this bill, step by step

Where it came from: introduced 2019-02-06 · official record
Who proposed it: Rep. Kind, Ron [D-WI-3] · what a sponsor is
What happened next: no floor votes in our records yet. Why?
Where it stands now: 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. Not final yet: this can still change. We check for updates every day.
If it becomes law and spends money: follow the money to money laws, then agencies and contracts and grants.

What does this mean?

Official title

Retirement Enhancement and Savings Act of 2019

Plain summary

Retirement Enhancement and Savings Act of 201 9 This bill modifies requirements for tax-favored retirement savings accounts, employer-provided retirement plans, and retirement benefits for federal judges. With respect to employer-provided plans, the bill modifies requirements regarding multiple employer plans, automatic enrollment and nonelective contributions, loans, terminating or transferring plans, reporting and disclosure rules, nondiscrimination rules, selecting lifetime income providers, and Pension Benefit Guaranty Corporation premiums. The bill also increases the tax credit for small employer pension plan startup costs and allows a tax credit for small employers that establish retirement plans that include automatic enrollment. With respect to Individual Retirement Accounts (IRAs), the bill treats taxable non-tuition fellowship and stipend payments as compensation, repeals the maximum age for traditional IRA contributions, and permits any IRA to be a shareholder of any S corporation that is a bank. The bill makes several modifications to retirement benefits for magistrate judges of the U.S. Tax Court and other federal judges. The bill also modifies various tax provisions to reinstate and increase the tax exclusion for benefits provided to volunteer firefighters and emergency medical responders, revise the required distribution rules for pension plans, increase penalties for failing to file tax or retirement plan returns, and require the Internal Revenue Service to share returns and return information with U.S. Customs Border Protection to administer the heavy vehicle use tax.

Congressional Research Service summary (Introduced in House), quoted unchanged (nonpartisan). Read the source.

What a vote does

A “Yea” vote

If it passes both chambers and is signed, it becomes law.

A “Nay” vote

If it is not passed, current law stays as it is.

PSI Sci description of the legislative step (not an opinion).

What does this mean? (plain words)

Official text

Retirement Enhancement and Savings Act of 2019

Source: Congressional Research Service summary (Introduced in House)

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The strongest published arguments

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Alternatives

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How did my representative vote? · This bill's floor votes

Officials and money

Sponsor: Rep. Kind, Ron [D-WI-3] · 49 cosponsors

Cost estimate: No cost estimate published yet.

Cosponsors on this site

Mike Kelly (R-PA), Linda T. Sánchez (D-CA), Donald S. Beyer, Jr. (D-VA), Judy Chu (D-CA), John B. Larson (D-CT), Thomas R. Suozzi (D-NY), Donald Norcross (D-NJ), Suzan K. DelBene (D-WA), Robert J. Wittman (R-VA), Michael R. Turner (R-OH), Ted Budd (R-NC), Mark Pocan (D-WI), Terri A. Sewell (D-AL), Vicente Gonzalez (D-TX), Elise M. Stefanik (R-NY), Bennie G. Thompson (D-MS), Christopher H. Smith (R-NJ), Bradley Scott Schneider (D-IL), Brian K. Fitzpatrick (R-PA), Mike Johnson (R-LA), Don Bacon (R-NE), Chellie Pingree (D-ME), Susie Lee (D-NV), Henry Cuellar (D-TX), Josh Harder (D-CA), Guy Reschenthaler (R-PA), Ann Wagner (R-MO), Gilbert Ray Cisneros, Jr. (D-CA), Dusty Johnson (R-SD), Lizzie Fletcher (D-TX)

No linked floor roll calls in our collected records yet. This does not mean the bill has never had a vote. Check the official bill history.

Words on this page, explained (2)

Bill: A proposed law. It becomes law only if it passes the legislature and is signed by the president or governor (or a veto is overridden).
Rulemaking: The process agencies use to write regulations that carry out laws passed by Congress or a legislature. Usually an agency publishes a proposed rule, takes public comments, then publishes a final rule.

Plain meanings written from linked sources. All words.

Sources

Congressional Research Service summary (Introduced in House)
Congress.gov
Data: GovInfo BILLSTATUS bulk data (Library of Congress), BILLSTATUS-116hr1007.xml <https://www.govinfo.gov/bulkdata/BILLSTATUS/116/hr>

Record fed-us-cong116-hr1007 · catalog fed-us-congress-bills-cong116 · updated 2026-11-15 by psicol fed-bills-cong116