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Titles Actions Overview All Actions Cosponsors Committees Related Bills Subjects Latest Summary All Summaries

Titles (4)

Short Titles

Short Titles - House of Representatives

Short Titles as Passed House

Setting Every Community Up for Retirement Enhancement Act of 2019

Short Title(s) as Reported to House

Setting Every Community Up for Retirement Enhancement Act of 2019

Short Title(s) as Introduced

Setting Every Community Up for Retirement Enhancement Act of 2019

Official Titles

Official Titles - House of Representatives

Official Title as Introduced

To amend the Internal Revenue Code of 1986 to encourage retirement savings, and for other purposes.


Actions Overview (4)

Date Actions Overview
05/23/2019Passed/agreed to in House: On passage Passed by the Yeas and Nays: 417 - 3 (Roll no. 231).(text: CR H4124-4135)
05/16/2019Committee on Education and Labor discharged.
05/16/2019Reported (Amended) by the Committee on Ways and Means. H. Rept. 116-65, Part I.
03/29/2019Introduced in House

All Actions (24)

Date Chamber All Actions
06/03/2019SenateReceived in the Senate.
05/23/2019-11:36amHouseThe Clerk was authorized to correct section numbers, punctuation, and cross references, and to make other necessary technical and conforming corrections in the engrossment of H.R. 1994.
05/23/2019-11:36amHouseMotion to reconsider laid on the table Agreed to without objection.
05/23/2019-11:36amHouseOn passage Passed by the Yeas and Nays: 417 - 3 (Roll no. 231). (text: CR H4124-4135)
05/23/2019-11:25amHouseOn motion to recommit with instructions Failed by recorded vote: 200 - 222 (Roll no. 230).
05/23/2019-11:16amHouseThe previous question on the motion to recommit with instructions was ordered without objection.
05/23/2019-11:07amHouseDEBATE - The House proceeded with 10 minutes of debate on the McHenry motion to recommit with instructions. The instructions contained in the motion seek to require the bill to be reported back to the House with an amendment to add a new section at the end of title IV entitled "Reports by Taxpayers Engaged in Boycotts Etc. Affecting Israel"
05/23/2019-11:07amHouseMr. McHenry moved to recommit with instructions to the Committee on Ways and Means. (text: CR H4147)
05/23/2019-11:06amHouseConsidered as unfinished business. (consideration: CR H4146-4149)
05/23/2019-10:31amHousePOSTPONED PROCEEDINGS - Pursuant to clause 1(c) of Rule 19, the Chair postponed further proceedings on H.R. 1994.
05/23/2019-10:31amHouseThe previous question was ordered pursuant to the rule.
05/23/2019-9:13amHouseDEBATE - The House proceeded with one hour of debate on H.R. 1994.
05/23/2019-9:12amHouseRule provides for consideration of H.R. 1500 and H.R. 1994. The resolution provides for one hour of debate on H.R. 1500, under a structured rule, and provides for one hour of debate on H.R. 1994, under a closed rule. The resolution provides for proceedings during the period from May 24, 2019, through May 31, 2019, and provides for motions to suspend the rules on the legislative day of May 23, 2019.
05/23/2019-9:12amHouseConsidered under the provisions of rule H. Res. 389. (consideration: CR H4124-4146)
05/21/2019-3:15pmHouseRule H. Res. 389 passed House.
05/20/2019-8:05pmHouseRules Committee Resolution H. Res. 389 Reported to House. Rule provides for consideration of H.R. 1500 and H.R. 1994. The resolution provides for one hour of debate on H.R. 1500, under a structured rule, and provides for one hour of debate on H.R. 1994, under a closed rule. The resolution provides for proceedings during the period from May 24, 2019, through May 31, 2019, and provides for motions to suspend the rules on the legislative day of May 23, 2019.
05/16/2019HousePlaced on the Union Calendar, Calendar No. 42.
05/16/2019HouseCommittee on Education and Labor discharged.
05/16/2019HouseReported (Amended) by the Committee on Ways and Means. H. Rept. 116-65, Part I.
04/02/2019HouseOrdered to be Reported by Voice Vote.
Action By: Committee on Ways and Means
04/02/2019HouseCommittee Consideration and Mark-up Session Held.
Action By: Committee on Ways and Means
03/29/2019HouseReferred 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.
03/29/2019HouseReferred 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.
03/29/2019HouseIntroduced in House

Cosponsors (58)

* = Original cosponsor
CosponsorDate Cosponsored
Rep. Brady, Kevin [R-TX-8]* 03/29/2019
Rep. Kind, Ron [D-WI-3]* 03/29/2019
Rep. Kelly, Mike [R-PA-16]* 03/29/2019
Rep. Luetkemeyer, Blaine [R-MO-3] 04/18/2019
Rep. Courtney, Joe [D-CT-2] 04/18/2019
Rep. Wagner, Ann [R-MO-2] 04/18/2019
Rep. Evans, Dwight [D-PA-3] 04/18/2019
Rep. Budd, Ted [R-NC-13] 04/18/2019
Rep. Schneider, Bradley Scott [D-IL-10] 04/18/2019
Rep. Pascrell, Bill, Jr. [D-NJ-9] 04/18/2019
Rep. Panetta, Jimmy [D-CA-20] 04/18/2019
Rep. Stauber, Pete [R-MN-8] 04/25/2019
Rep. Axne, Cynthia [D-IA-3] 04/25/2019
Rep. Trahan, Lori [D-MA-3] 04/25/2019
Rep. Murphy, Stephanie N. [D-FL-7] 04/25/2019
Rep. Beyer, Donald S., Jr. [D-VA-8] 04/29/2019
Rep. Larson, John B. [D-CT-1] 04/29/2019
Rep. Sanchez, Linda T. [D-CA-38] 04/29/2019
Rep. Blumenauer, Earl [D-OR-3] 04/29/2019
Rep. Thompson, Mike [D-CA-5] 04/29/2019
Rep. Fitzpatrick, Brian K. [R-PA-1] 04/29/2019
Rep. Walorski, Jackie [R-IN-2] 04/30/2019
Rep. Harder, Josh [D-CA-10] 04/30/2019
Rep. Horsford, Steven [D-NV-4] 04/30/2019
Rep. Hudson, Richard [R-NC-8] 04/30/2019
Rep. Vela, Filemon [D-TX-34] 04/30/2019
Rep. Suozzi, Thomas R. [D-NY-3] 04/30/2019
Rep. Grothman, Glenn [R-WI-6] 05/07/2019
Rep. Fletcher, Lizzie [D-TX-7] 05/07/2019
Rep. Cole, Tom [R-OK-4] 05/07/2019
Rep. King, Peter T. [R-NY-2] 05/07/2019
Rep. Reschenthaler, Guy [R-PA-14] 05/07/2019
Rep. Kennedy, Joseph P., III [D-MA-4] 05/07/2019
Rep. Bishop, Sanford D., Jr. [D-GA-2] 05/07/2019
Rep. Amodei, Mark E. [R-NV-2] 05/07/2019
Rep. Torres Small, Xochitl [D-NM-2] 05/07/2019
Rep. Kildee, Daniel T. [D-MI-5] 05/07/2019
Rep. Bilirakis, Gus M. [R-FL-12] 05/07/2019
Rep. Van Drew, Jefferson [D-NJ-2] 05/07/2019
Rep. Gooden, Lance [R-TX-5] 05/07/2019
Rep. Loebsack, David [D-IA-2] 05/07/2019
Rep. Gabbard, Tulsi [D-HI-2] 05/07/2019
Rep. Kilmer, Derek [D-WA-6] 05/07/2019
Rep. Perlmutter, Ed [D-CO-7] 05/07/2019
Rep. Estes, Ron [R-KS-4] 05/07/2019
Rep. Kim, Andy [D-NJ-3] 05/07/2019
Rep. Rose, John W. [R-TN-6] 05/07/2019
Rep. Soto, Darren [D-FL-9] 05/07/2019
Rep. Gottheimer, Josh [D-NJ-5] 05/07/2019
Rep. Horn, Kendra S. [D-OK-5] 05/07/2019
Rep. Watkins, Steve [R-KS-2] 05/07/2019
Rep. Spanberger, Abigail Davis [D-VA-7] 05/07/2019
Rep. Perry, Scott [R-PA-10] 05/07/2019
Rep. Finkenauer, Abby [D-IA-1] 05/07/2019
Rep. Schrier, Kim [D-WA-8] 05/15/2019
Rep. Cleaver, Emanuel [D-MO-5] 05/15/2019
Rep. McCaul, Michael T. [R-TX-10] 05/15/2019
Rep. Marshall, Roger W. [R-KS-1] 05/15/2019

Committees (2)

Committees, subcommittees and links to reports associated with this bill are listed here, as well as the nature and date of committee activity and Congressional report number.

Committee / Subcommittee Date Activity Related Documents
House Ways and Means03/29/2019 Referred to
04/02/2019 Markup by
05/16/2019 Reported by H. Rept. 116-65
House Education and Labor03/29/2019 Referred to
05/16/2019 Discharged from

A related bill may be a companion measure, an identical bill, a procedurally-related measure, or one with text similarities. Bill relationships are identified by the House, the Senate, or CRS, and refer only to same-congress measures.


Latest Summary (3)

There are 3 summaries for H.R.1994. View summaries

Shown Here:
Passed House (05/23/2019)

(This measure has not been amended since it was introduced. The summary of that version is repeated here.)

(This measure has not been amended since it was introduced. The summary has been expanded because action occurred on the measure.)

(This measure has not been amended since [it was reported to the House/Senate] [it was passed by the House/Senate] [the Conference Report was filed in the House/Senate] on ____. The summary of that version is repeated here.)

(This measure has not been amended since it was introduced. The expanded summary of the [House/Senate reported] [House/Senate passed] version is repeated here.)

Setting Every Community Up for Retirement Enhancement Act of 2019

TITLE I--EXPANDING AND PRESERVING RETIREMENT SAVINGS

(Sec. 101) The bill amends the Internal Revenue Code to revise requirements for multiple employer pension plans and pooled employer plans. It provides that failure of one employer in a multiple employer retirement plan to meet plan requirements will not cause all plans to fail and that assets in the failed plan will be transferred to another plan. It also establishes pooled employer plans that do not require a common characteristic.

(Sec. 102) The bill increases the cap for automatic contributions to pension plans from 10% to 15% of employee compensation, beginning after 2019.

(Sec. 103) The bill limits the annual safe harbor notice to matching contribution plans and permits amendments to nonelective status at any time before the 30th day before the close of the plan year. Amendments may be made after that date if the amendment provides for a nonelective contribution of at least 4% of compensation for all eligible employees and the plan is amended no later that the last day for distributing excess contributions for the plan year.

(Sec. 104) The bill increases the tax credit for small employer pension plan startup costs.

(Sec. 105) The bill creates a new three-year tax credit for small employers for startup costs for new pension plans that include automatic enrollment.

(Sec. 106) The bill treats stipends and non-tuition fellowships as compensation for purposes of the retirement savings tax deduction.

(Sec. 107) The prohibition on contributions to a traditional Individual Retirement Account (IRA) by an individual who has reached age 70-1/2 is repealed.

(Sec. 108) The bill prohibits the distribution of plan loans through credit cards or similar arrangements.

(Sec. 109) The bill permits certain tax-preferred pension plans to make a direct trustee-to-trustee transfer to another employer plan or an IRA of lifetime income investments in the form of a qualified plan distribution annuity if a lifetime income investment is no longer authorized to be held as an investment option under the plan.

(Sec. 110) Treasury must issue guidance on the treatment of custodial accounts on the termination of Section 403(b) Plans.

(Sec. 111) The bill specifies those individuals who may be covered by pension plans maintained by church-controlled organizations.

(Sec. 112) The bill allows certain long-term employees who work at least 500 hours in 3 consecutive 12-month periods and have reached age 21 to participate in qualified cash or deferred arrangements.

(Sec. 113) The bill permits penalty-free withdrawals from retirement plans for expenses related to the birth of a child or adoption.

(Sec. 114) The bill increases from 70-1/2 to 72 the age for mandatory distributions from retirement plans.

(Sec. 115) The bill sets forth rules for reducing the annual contributions of community newspapers to their employee pension plans.

(Sec. 116) The bill treats difficulty of care payments to healthcare workers as earned income for retirement plan purposes.

TITLE II--ADMINISTRATIVE IMPROVEMENTS

(Sec. 201) The bill allows employers to treat retirement plans adopted before the due date of the tax return as adopted as of the last day of the taxable year.

(Sec. 202) The bill requires the filing of a consolidated Form 5500 for similar retirement plans.

(Sec. 203) The bill requires benefit statements provided to defined contribution plan participants to include a lifetime income disclosure at lease once during any 12-month period.

(Sec. 204) The bill provides a safe harbor for fiduciaries in the selection of an insurer for a guaranteed retirement income contract.

(Sec. 205) The bill modifies pension plan nondiscrimination rules with respect to closed plans to permit existing participants to continue to accrue benefits.

(Sec. 206) The bill reduces Pension Benefit Guaranty Corporation (PBGC) premium rates for Cooperative and Small Employer Charity (CSEC) plans for plan years beginning after 2018.

TITLE III--OTHER BENEFITS

(Sec. 301) The bill reinstates for one year and increases the exclusion from gross income for benefits paid to volunteer firefighters and emergency medical responders.

(Sec. 302) The bill expands 529 education savings accounts to cover costs associated with registered apprenticeships, student loan repayments, and certain costs associated with elementary and secondary education.

TITLE IV--REVENUE PROVISIONS

(Sec. 401) The bill modifies required minimum distribution rules with respect to defined contribution plans and IRA balances upon the death of the account holder. All distributions must be made by the end of the 10th year after death, except for distributions made to certain eligible designated beneficiaries.

(Sec. 402) The penalty for failure to file is increased to the lesser of $400 or 100% of the amount of the tax due.

(Sec. 403) The penalties for failure to file retirement plan returns are increased.

(Sec. 404) The Internal Revenue Service may share returns and return information with U.S. Customs and Border Protection to administer and collect the heavy vehicle use tax.

TITLE V--TAX RELIEF FOR CERTAIN CHILDREN

(Sec. 501) The bill eliminates the taxation of the unearned income of children at rates applicable to trusts and estates. Such income would be taxed at the parents' marginal tax rates.