summary
Introduced
03/13/2020
03/13/2020
In Committee
03/13/2020
03/13/2020
Crossed Over
Passed
Dead
12/31/2020
12/31/2020
Introduced Session
116th Congress
Bill Summary
To amend the Internal Revenue Code of 1986 to permit treatment of student loan payments as elective deferrals for purposes of employer matching contributions, and for other purposes. This bill allows certain employer-sponsored retirement plans to make matching contributions for an employee's student loan payments as if the loan payments were salary reduction contributions to the retirement plan.
AI Summary
This bill, the Retirement Parity for Student Loans Act, allows certain employer-sponsored retirement plans to make matching contributions for an employee's student loan payments as if the loan payments were salary reduction contributions to the retirement plan. The bill also provides guidance on the treatment of these student loan payment matching contributions for the purposes of nondiscrimination rules and plan contribution requirements. Additionally, the bill directs the Secretary of the Treasury to issue regulations to facilitate the implementation of these provisions.
Committee Categories
Budget and Finance
Sponsors (10)
Danny Davis (D)*,
Brendan Boyle (D),
Anthony Brindisi (D),
Ron Estes (R),
Darin LaHood (R),
John Larson (D),
Bill Pascrell (D),
Terri Sewell (D),
Lori Trahan (D),
Lee Zeldin (R),
Last Action
Referred to the House Committee on Ways and Means. (on 03/13/2020)
Official Document
bill text
bill summary
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bill summary
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bill summary
Document Type | Source Location |
---|---|
State Bill Page | https://www.congress.gov/bill/116th-congress/house-bill/6276/all-info |
BillText | https://www.congress.gov/116/bills/hr6276/BILLS-116hr6276ih.pdf |
Bill | https://www.congress.gov/116/bills/hr6276/BILLS-116hr6276ih.pdf.pdf |
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