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   &lt;pre&gt;[Congressional Record Volume 167, Number 75 (Friday, April 30, 2021)][House]From the Congressional Record Online through the Government Publishing Office [&lt;a href="https://www.gpo.gov"&gt;www.gpo.gov&lt;/a&gt;]By Mr. SCHWEIKERT:H.R. 2943.Congress has the power to enact this legislation pursuantto the following:Article 1, Section 8, Clause 18 of the U.S. Constitution:The Congress shall have Power to make all Laws which shall benecessary and proper for carrying into Execution theforegoing Powers, and all other Powers vested by thisConstitution in the Government of the United States, or inany Department or Officer thereof.[Page H2135]&lt;/pre&gt;
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     Securing a Strong Retirement Act of 2021
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     117
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     2954
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      Placed on Senate Legislative Calendar under General Orders. Calendar No. 480.
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     Referred to the House Committee on Ways and Means.
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     Rep. Schweikert, David [R-AZ-6]
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     David
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     Schweikert
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      Employee benefits and pensions
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      Income tax exclusion
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     2021-04-30
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     Introduced in House
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    <updateDate>
     2021-11-17T18:23:36Z
    </updateDate>
    <text>
     &lt;p&gt;This bill allows sole proprietors a retroactive elective deferral under a tax-exempt retirement plan that is adopted after the close of the taxable year and before the time for the filing of the individual's tax return. The elective deferral is treated as made prior to the end of the plan's first plan year.&lt;/p&gt; &lt;p&gt;An &lt;em&gt;elective deferral &lt;/em&gt;is an amount contributed to certain tax-exempt retirement plans (e.g., 401(k)s, 403(b)s, SIMPLE pension plans and IRAs) by an employer at the employee's election and which, except to the extent they are designated Roth IRA contributions, are excludable from the employee's gross income.&lt;/p&gt;
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  <title>
   To amend the Internal Revenue Code of 1986 to allow retroactive elective deferrals for owners of unincorporated businesses in the case of a plan adopted after the close of the taxable year and before the time for filing the return of tax.
  </title>
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     To amend the Internal Revenue Code of 1986 to allow retroactive elective deferrals for owners of unincorporated businesses in the case of a plan adopted after the close of the taxable year and before the time for filing the return of tax.
    </title>
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     Official Title as Introduced
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     To amend the Internal Revenue Code of 1986 to allow retroactive elective deferrals for owners of unincorporated businesses in the case of a plan adopted after the close of the taxable year and before the time for filing the return of tax.
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    2021-04-30
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    Referred to the House Committee on Ways and Means.
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   Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.
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   Congressional Research Service, Library of Congress
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   This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.
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H11100
2021-04-30
Ways and Means Committee
hswm00
2
House floor actions
Referred to the House Committee on Ways and Means.
IntroReferral
Intro-H
2021-04-30
9
Library of Congress
Introduced in House
IntroReferral
1000
2021-04-30
9
Library of Congress
Introduced in House
IntroReferral
2021-04-30T13:02:10Z
Referred to
House
Ways and Means Committee
hswm00
Standing
Congressional Research Service, Library of Congress
This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.
text/xml
EN
Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.
2021-04-30
2021-04-30
Referred to the House Committee on Ways and Means.
House
Taxation
2022-03-30
Received in the Senate and Read twice and referred to the Committee on Finance.
CRS
Related bill
Securing a Strong Retirement Act of 2021
HR
2022-09-08
Placed on Senate Legislative Calendar under General Orders. Calendar No. 480.
CRS
Related bill
EARN Act
S
S001183
6
David
Rep. Schweikert, David [R-AZ-6]
N
Schweikert
R
AZ
Employee benefits and pensions Income tax deferral Income tax exclusion
2021-04-30
Introduced in House
 <p>This bill allows sole proprietors a retroactive elective deferral under a tax-exempt retirement plan that is adopted after the close of the taxable year and before the time for the filing of the individual's tax return. The elective deferral is treated as made prior to the end of the plan's first plan year.</p> <p>An <em>elective deferral </em>is an amount contributed to certain tax-exempt retirement plans (e.g., 401(k)s, 403(b)s, SIMPLE pension plans and IRAs) by an employer at the employee's election and which, except to the extent they are designated Roth IRA contributions, are excludable from the employee's gross income.</p>
2021-11-17T18:23:36Z
00
2021-04-30T04:00:00Z
Introduced in House
https://www.govinfo.gov/content/pkg/BILLS-117hr2943ih/xml/BILLS-117hr2943ih.xml
To amend the Internal Revenue Code of 1986 to allow retroactive elective deferrals for owners of unincorporated businesses in the case of a plan adopted after the close of the taxable year and before the time for filing the return of tax.
To amend the Internal Revenue Code of 1986 to allow retroactive elective deferrals for owners of unincorporated businesses in the case of a plan adopted after the close of the taxable year and before the time for filing the return of tax.
Display Title
IH
Introduced in House
To amend the Internal Revenue Code of 1986 to allow retroactive elective deferrals for owners of unincorporated businesses in the case of a plan adopted after the close of the taxable year and before the time for filing the return of tax.
Official Title as Introduced
HR
2023-01-11T13:48:30Z
2023-01-11T13:48:30Z
3.0.0
2022-03-30
Received in the Senate and Read twice and referred to the Committee on Finance.
CRS
Related bill
Securing a Strong Retirement Act of 2021
HR
2022-09-08
Placed on Senate Legislative Calendar under General Orders. Calendar No. 480.
CRS
Related bill
EARN Act
S
H11100
2021-04-30
Ways and Means Committee
hswm00
2
House floor actions
Referred to the House Committee on Ways and Means.
IntroReferral
Intro-H
2021-04-30
9
Library of Congress
Introduced in House
IntroReferral
1000
2021-04-30
9
Library of Congress
Introduced in House
IntroReferral
S001183
6
David
Rep. Schweikert, David [R-AZ-6]
N
Schweikert
R
AZ
Employee benefits and pensions Income tax deferral Income tax exclusion
2021-04-30
Introduced in House
 <p>This bill allows sole proprietors a retroactive elective deferral under a tax-exempt retirement plan that is adopted after the close of the taxable year and before the time for the filing of the individual's tax return. The elective deferral is treated as made prior to the end of the plan's first plan year.</p> <p>An <em>elective deferral </em>is an amount contributed to certain tax-exempt retirement plans (e.g., 401(k)s, 403(b)s, SIMPLE pension plans and IRAs) by an employer at the employee's election and which, except to the extent they are designated Roth IRA contributions, are excludable from the employee's gross income.</p>
2021-11-17T18:23:36Z
00
To amend the Internal Revenue Code of 1986 to allow retroactive elective deferrals for owners of unincorporated businesses in the case of a plan adopted after the close of the taxable year and before the time for filing the return of tax.
To amend the Internal Revenue Code of 1986 to allow retroactive elective deferrals for owners of unincorporated businesses in the case of a plan adopted after the close of the taxable year and before the time for filing the return of tax.
Display Title
IH
Introduced in House
To amend the Internal Revenue Code of 1986 to allow retroactive elective deferrals for owners of unincorporated businesses in the case of a plan adopted after the close of the taxable year and before the time for filing the return of tax.
Official Title as Introduced
2021-04-30
Referred to the House Committee on Ways and Means.