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- S.322
S.322: SIMPLE Plan Modernization Act
About This Bill
- Introduced Feb. 4, 2019
- Latest Major Action Feb. 4, 2019
- See the two similar bills introduced in other congresses.
Bill Sponsor
Bill Cosponsor
Bill Version
- Introduced in Senate - Feb. 4, 2019
Bill Summary
SIMPLE Plan Modernization Act This bill modifies the requirements for SIMPLE (Savings Incentive Match Plan for Employees) Individual Retirement Accounts (IRAs), which are tax-favored retirement accounts that small businesses may provide to employees. The bill increases the contribution limits for certain SIMPLE IRAs and modifies the requirements for replacing SIMPLE IRAs with 401(k) plans.
(Source: Library of Congress)
What Lawmakers Are Saying About This Bill
Bill Actions
| Date | Description |
|---|---|
| Feb. 4, 2019 |
Read twice and referred to the Committee on Finance. (Sponsor introductory remarks on measure: CR S835)
|
| Feb. 4, 2019 |
Read twice and referred to the Committee on Finance.
|
| Feb. 4, 2019 |
Introduced in the Senate by Susan Collins (R-Maine) |