summary
Introduced
04/30/2021
04/30/2021
In Committee
04/30/2021
04/30/2021
Crossed Over
Passed
Dead
01/03/2023
01/03/2023
Introduced Session
117th Congress
Bill Summary
A BILL To amend the Internal Revenue Code of 1986 to provide for retirement matching contributions by employers on account of student loan payments made by employees.
AI Summary
This bill, the Retirement Parity for Student Loans Act of 2021, would amend the Internal Revenue Code to allow employers to make matching contributions to their employees' retirement plans on account of student loan payments made by the employees. The key provisions of the bill include defining a "qualified student loan payment" and establishing rules for how such payments can be treated as elective deferrals for the purpose of receiving employer matching contributions. The bill also includes provisions to ensure that these matching contributions are treated fairly under non-discrimination rules and other retirement plan requirements. The bill aims to provide parity between retirement savings through student loan payments and traditional retirement plan contributions.
Committee Categories
Budget and Finance
Sponsors (8)
Danny Davis (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 04/30/2021)
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/117th-congress/house-bill/2917/all-info |
| BillText | https://www.congress.gov/117/bills/hr2917/BILLS-117hr2917ih.pdf |
| Bill | https://www.congress.gov/117/bills/hr2917/BILLS-117hr2917ih.pdf.pdf |
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