Bill > HR7315

This bill, titled the "Advancing Policy Priorities Act," makes several changes across various areas of law. It extends the Livestock Mandatory Reporting program through 2025, enhances educational resources for separating military members regarding registered apprenticeships by creating a user-friendly website and updating existing ones with program details, and establishes a "sense of Congress" that federal agencies should retain injured employees in suitable positions. The bill also modifies retirement plan rules, including expanding automatic enrollment requirements, increasing tax credits for small employer pension plan startup costs, promoting awareness and enhancement of the Saver's Credit, and adjusting the age for required minimum distributions from retirement accounts. Additionally, it addresses various aspects of retirement plans such as 403(b) plans, pooled employer plans, and allows for student loan payments to be treated as elective deferrals for matching contributions. The bill also includes provisions related to employee stock ownership plans, recovery of retirement plan overpayments, and penalties for required minimum distribution failures. Further, it introduces a military spouse retirement plan eligibility credit for small employers, allows for penalty-free withdrawals from retirement plans in cases of domestic abuse, and reforms family attribution rules for controlled groups and affiliated service groups. It also modifies rules for part-time workers' retirement plan coverage, allows for retroactive plan amendments to increase benefit accruals, and provides a safe harbor for correcting automatic contribution errors. Finally, the bill includes provisions on human trafficking in school zones, the establishment of a commission to study a National Museum of Asian Pacific American History and Culture, and various other measures related to federal agency operations and financial matters.

Budget and Finance

https://www.congress.gov/bill/119th-congress/house-bill/7315/all-info