US Congress House Bill 1994 (Prior Session Legislation)

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Spectrum: Slight Partisan Bill (Democrat 36-23)
Status: Engrossed on June 3 2019 - 50% progression, died in chamber
Action: 2019-06-03 - Received in the Senate.
Text: Latest bill text (Engrossed) [PDF]

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on contributions to a traditional Individual Retirement Account (IRA) by an individual who has reached age 70-1/2 is repealed.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

Setting Every Community Up for Retirement Enhancement Act of 2019

Rep. Richard Neal [D-MA]	Rep. Kevin Brady [R-TX]	Rep. Ron Kind [D-WI]	Rep. Mike Kelly [R-PA]
Rep. Blaine Luetkemeyer [R-MO]	Rep. Joe Courtney [D-CT]	Rep. Ann Wagner [R-MO]	Rep. Dwight Evans [D-PA]
Sen. Ted Budd [R-NC]	Rep. Bradley Schneider [D-IL]	Rep. Bill Pascrell [D-NJ]	Rep. Jimmy Panetta [D-CA]
Rep. Pete Stauber [R-MN]	Rep. Cindy Axne [D-IA]	Rep. Lori Trahan [D-MA]	Rep. Stephanie Murphy [D-FL]
Rep. Don Beyer [D-VA]	Rep. John Larson [D-CT]	Rep. Linda Sanchez [D-CA]	Rep. Earl Blumenauer [D-OR]
Rep. Mike Thompson [D-CA]	Rep. Brian Fitzpatrick [R-PA]	Rep. Jackie Walorski [R-IN]	Rep. Josh Harder [D-CA]
Rep. Steven Horsford [D-NV]	Rep. Richard Hudson [R-NC]	Rep. Filemon Vela [D-TX]	Rep. Thomas Suozzi [D-NY]
Rep. Glenn Grothman [R-WI]	Rep. Elizabeth Fletcher [D-TX]	Rep. Tom Cole [R-OK]	Rep. Peter King [R-NY]
Rep. Guy Reschenthaler [R-PA]	Rep. Joseph Kennedy [D-MA]	Rep. Sanford Bishop [D-GA]	Rep. Mark Amodei [R-NV]
Rep. Xochitl Torres Small [D-NM]	Rep. Daniel Kildee [D-MI]	Rep. Gus Bilirakis [R-FL]	Rep. Jeff Van Drew [R-NJ]
Rep. Lance Gooden [R-TX]	Rep. David Loebsack [D-IA]	Rep. Tulsi Gabbard [D-HI]	Rep. Derek Kilmer [D-WA]
Rep. Ed Perlmutter [D-CO]	Rep. Ron Estes [R-KS]	Rep. Andy Kim [D-NJ]	Rep. John Rose [R-TN]
Rep. Darren Soto [D-FL]	Rep. Josh Gottheimer [D-NJ]	Rep. Kendra Horn [D-OK]	Rep. Steve Watkins [R-KS]
Rep. Abigail Spanberger [D-VA]	Rep. Scott Perry [R-PA]	Rep. Abby Finkenauer [D-IA]	Rep. Kim Schrier [D-WA]
Rep. Emanuel Cleaver [D-MO]	Rep. Michael McCaul [R-TX]	Sen. Roger Marshall [R-KS]

2019-05-23 - House - On passage RC# 231 (Y: 417 N: 3 NV: 11 Abs: 0) [PASS]
2019-05-23 - House - On motion to recommit with instructions RC# 230 (Y: 200 N: 222 NV: 9 Abs: 0) [FAIL]

Date	Chamber	Action
2019-06-03	Senate	Received in the Senate.
2019-05-23	House	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.
2019-05-23	House	Motion to reconsider laid on the table Agreed to without objection.
2019-05-23	House	On passage Passed by the Yeas and Nays: 417 - 3 (Roll no. 231). (text: CR H4124-4135)
2019-05-23	House	On motion to recommit with instructions Failed by recorded vote: 200 - 222 (Roll no. 230).
2019-05-23	House	The previous question on the motion to recommit with instructions was ordered without objection.
2019-05-23	House	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"
2019-05-23	House	Mr. McHenry moved to recommit with instructions to the Committee on Ways and Means. (text: CR H4147)
2019-05-23	House	Considered as unfinished business. (consideration: CR H4146-4149)
2019-05-23	House	POSTPONED PROCEEDINGS - Pursuant to clause 1(c) of Rule 19, the Chair postponed further proceedings on H.R. 1994.
2019-05-23	House	The previous question was ordered pursuant to the rule.
2019-05-23	House	DEBATE - The House proceeded with one hour of debate on H.R. 1994.
2019-05-23	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.
2019-05-23	House	Considered under the provisions of rule H. Res. 389. (consideration: CR H4124-4146)
2019-05-21	House	Rule H. Res. 389 passed House.
2019-05-20	House	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.
2019-05-16	House	Placed on the Union Calendar, Calendar No. 42.
2019-05-16	House	Committee on Education and Labor discharged.
2019-05-16	House	Reported (Amended) by the Committee on Ways and Means. H. Rept. 116-65, Part I.
2019-04-02	House	Ordered to be Reported by Voice Vote.
2019-04-02	House	Committee Consideration and Mark-up Session Held.
2019-03-29	House	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.
2019-03-29	House	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.
2019-03-29	House	Introduced in House

HB1932 (Related) 2019-03-27 - Referred to the House Committee on Ways and Means.
HB2367 (Related) 2019-04-25 - Referred to the House Committee on Education and Labor.
HB982 (Related) 2019-02-05 - 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.
HB1241 (Related) 2019-02-14 - Referred to the House Committee on Ways and Means.
HB1439 (Related) 2019-02-28 - Referred to the House Committee on Education and Labor.
HB1874 (Related) 2019-03-26 - Referred to the House Committee on Ways and Means.
HB1916 (Related) 2019-03-27 - Referred to the Committee on Education and Labor, and in addition to the Committee on Ways and Means, 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.
HB1938 (Related) 2019-03-27 - Referred to the House Committee on Ways and Means.
SB354 (Related) 2019-02-06 - Read twice and referred to the Committee on Health, Education, Labor, and Pensions.
SB1210 (Related) 2019-04-11 - Read twice and referred to the Committee on Finance.
HR389 (Related) 2019-05-21 - Motion to reconsider laid on the table Agreed to without objection.
SB1574 (Related) 2019-05-21 - Read twice and referred to the Committee on Health, Education, Labor, and Pensions.
HB1993 (Related) 2019-03-29 - Referred to the Committee on Education and Labor, and in addition to the Committee on Ways and Means, 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.
SB2352 (Related) 2019-07-31 - Read twice and referred to the Committee on Finance.
HB1865 (Related) 2019-12-20 - Became Public Law No: 116-94. (TXT | PDF)

Type	Source
Summary	https://www.congress.gov/bill/116th-congress/house-bill/1994/all-info
Text	https://www.congress.gov/116/bills/hr1994/BILLS-116hr1994ih.pdf
Text	https://www.congress.gov/116/bills/hr1994/BILLS-116hr1994rh.pdf
Text	https://www.congress.gov/116/bills/hr1994/BILLS-116hr1994eh.pdf
Roll Call	https://clerk.house.gov/Votes/2019230
Roll Call	https://clerk.house.gov/Votes/2019231