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House Bill 2944
117th Congress(2021-2022)
To amend the Internal Revenue Code of 1986 to reduce the retirement plan period of service requirements for long-term, part-time employees.
Introduced
Introduced
Introduced in House on Apr 30, 2021
Overview
Text
Introduced in House 
Apr 30, 2021
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Introduced in House(Apr 30, 2021)
Apr 30, 2021
About Linkage
Multiple bills can contain the same text. This could be an identical bill in the opposite chamber or a smaller bill with a section embedded in a larger bill.
Bill Sponsor regularly scans bill texts to find sections that are contained in other bill texts. When a matching section is found, the bills containing that section can be viewed by clicking "View Bills" within the bill text section.
Bill Sponsor is currently only finding exact word-for-word section matches. In a future release, partial matches will be included.
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H. R. 2944 (Introduced-in-House)


117th CONGRESS
1st Session
H. R. 2944


To amend the Internal Revenue Code of 1986 to reduce the retirement plan period of service requirements for long-term, part-time employees.

IN THE HOUSE OF REPRESENTATIVES

April 30, 2021

Ms. Sewell introduced the following bill; which was referred to the Committee on Ways and Means

A BILL

To amend the Internal Revenue Code of 1986 to reduce the retirement plan period of service requirements for long-term, part-time employees.

Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,

SECTION 1. One-year reduction in period of service requirement for long-term, part-time workers.

(a) In general.—Section 401(k)(2)(D)(ii) of the Internal Revenue Code of 1986 is amended by striking “3” and inserting “2”.

(b) Clarification of prior service for purposes of vesting rules.—Section 112(b) of the Setting Every Community Up for Retirement Enhancement Act of 2019 is amended by striking “section 401(k)(2)(D)(ii)” and inserting “paragraphs (2)(D)(ii) and (15)(B)(iii) of section 401(k)”.

(c) Effective date.—The amendments made by this section shall take effect as if included in the enactment of section 112 of the Setting Every Community Up for Retirement Enhancement Act of 2019.