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Main Subject: Taxation

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.

HR1865-116, HR1938-116, HR2367-116, S354-116, S1210-116, S1574-116, S2352-116, HR982-116, HR1241-116, HR1439-116, HR1874-116, HR1916-116, HR1932-116, HR1993-116, HRES389-116,

Senate Actions

IntroReferral
Jun. 03 2019	Received in the Senate.

House floor actions Actions

Floor
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. Motion to reconsider laid on the table Agreed to without objection. On passage Passed by the Yeas and Nays: 417 - 3 (Roll no. 231). (text: CR H4124-4135) On motion to recommit with instructions Failed by recorded vote: 200 - 222 (Roll no. 230). The previous question on the motion to recommit with instructions was ordered without objection. 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" Mr. McHenry moved to recommit with instructions to the Committee on Ways and Means. (text: CR H4147) Considered as unfinished business. (consideration: CR H4146-4149) POSTPONED PROCEEDINGS - Pursuant to clause 1(c) of Rule 19, the Chair postponed further proceedings on H.R. 1994. The previous question was ordered pursuant to the rule. DEBATE - The House proceeded with one hour of debate on H.R. 1994. 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. 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.

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

Discharge
May. 16 2019	Committee on Education and Labor discharged.

Library of Congress Actions

Floor
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)

Committee
May. 16 2019	Committee on Education and Labor discharged.

House bill HR1994-116

Setting Every Community Up for Retirement Enhancement Act of 2019

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