Congress 116 - HR 1994 - Setting Every Community Up for Retirement Enhancement Act of 2019

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Administrative law and regulatory procedures Adoption and foster care Aging Bank accounts, deposits, capital Department of Labor Elementary and secondary education Emergency medical services and trauma care Employee benefits and pensions Financial services and investments Fires First responders and emergency personnel Government information and archives Health personnel Higher education Income tax credits Income tax deductions Income tax deferral Income tax exclusion Income tax rates Interest, dividends, interest rates News media and reporting Sales and excise taxes Small business Social work, volunteer service, charitable organizations State and local government operations Student aid and college costs Tax administration and collection, taxpayers Tax treatment of families Tax-exempt organizations Taxation Temporary and part-time employment Wages and earnings

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Summary

Setting Every Community Up for Retirement Enhancement Act of 2019

This bill modifies the requirements for employer-provided retirement plans, individual retirement accounts (IRAs), and other tax-favored savings accounts.

With respect to employer-provided retirement plans, the bill modifies requirements regarding

automatic enrollment and nonelective contributions;
tax credits for small employers that establish certain plans;
loans;
lifetime income options;
the treatment of custodial accounts upon termination of section 403(b) plans;
retirement income accounts for church-controlled organizations;
the eligibility rules for certain long-term, part-time employees;
required minimum distributions;
nondiscrimination rules; and
minimum funding standards for community newspaper plans.

The bill also includes provisions that

treat taxable non-tuition fellowship and stipend payments as compensation for the purpose of an IRA,
repeal the maximum age for traditional IRA contributions,
treat difficulty of care payments as compensation for determining contribution limits for retirement accounts,
allow penalty-free withdrawals from retirement plans if a child is born or adopted,
expand the purposes for which qualified tuition programs (commonly known as 529 plans) may be used,
reinstate and increase the tax exclusion for certain benefits provided to volunteer firefighters and emergency medical responders,
increase penalties for failing to file tax returns, and
require the Internal Revenue Service to share tax information with U.S. Customs Border Protection to administer the heavy vehicle use tax.

Actions

Jun 3, 2019

Received in the Senate.
May 23, 2019

The 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.
May 23, 2019

Motion to reconsider laid on the table Agreed to without objection.
May 23, 2019

On passage Passed by the Yeas and Nays: 417 - 3 (Roll no. 231). (text: CR H4124-4135)
May 23, 2019

Passed/agreed to in House: On passage Passed by the Yeas and Nays: 417 - 3 (Roll no. 231).(text: CR H4124-4135)
May 23, 2019

On motion to recommit with instructions Failed by recorded vote: 200 - 222 (Roll no. 230).
May 23, 2019

The previous question on the motion to recommit with instructions was ordered without objection.
May 23, 2019

DEBATE - 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"
May 23, 2019

Mr. McHenry moved to recommit with instructions to the Committee on Ways and Means. (text: CR H4147)
May 23, 2019

Considered as unfinished business. (consideration: CR H4146-4149)
May 23, 2019

POSTPONED PROCEEDINGS - Pursuant to clause 1(c) of Rule 19, the Chair postponed further proceedings on H.R. 1994.
May 23, 2019

The previous question was ordered pursuant to the rule.
May 23, 2019

DEBATE - The House proceeded with one hour of debate on H.R. 1994.
May 23, 2019

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.
May 23, 2019

Considered under the provisions of rule H. Res. 389. (consideration: CR H4124-4146)
May 21, 2019

Rule H. Res. 389 passed House.
May 20, 2019

Rules 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.
May 16, 2019

Placed on the Union Calendar, Calendar No. 42.
May 16, 2019

Committee on Education and Labor discharged.
May 16, 2019

Reported (Amended) by the Committee on Ways and Means. H. Rept. 116-65, Part I.
Apr 2, 2019

Ordered to be Reported by Voice Vote.
Apr 2, 2019

Committee Consideration and Mark-up Session Held.
Mar 29, 2019

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.
Mar 29, 2019

Introduced in House

Amendments

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