A Republican bill with 2 Democratic cosponsors · See all 4 cosponsors
Last activity — Referred to the House Committee on Ways and Means.
In committee
Introduced and handed to a committee in the chamber it started in.
The committee holds it, and most bills are never heard from again. A hearing or a committee vote would be news; silence is the usual outcome, and it kills the bill without anyone voting against it.
Its path through Congress
- Introduced
- In Committee
What this bill would do
The RISE Act aims to amend the Internal Revenue Code of 1986 regarding pension plan startup credits. It introduces a specific credit designed for qualified microemployers, which increases the credit percentage and amount. Additionally, the bill allows for the assignment of these small business pension plan startup credits to eligible service providers. These service providers can claim the credit if they reduce the fees charged to the employer by an amount at least equal to the credit. This legislation is intended to change how retirement investment credits are handled for smaller businesses.
Yes· 3 of 7
- Scored +7
Does this make it easier to run a small business?
The act provides significant tax relief and the ability to assign credits to service providers to lower the cost of establishing retirement plans.
- Scored +6
Does this cut taxes for small businesses?
The bill increases the pension plan startup credit from 50 percent to 100 percent and raises the maximum credit amount from $500 to $2,500 for qualified microemployers.
- Scored +6
Would business owners be better off under this?
Microemployers receive a significantly higher percentage and amount of tax credit to offset startup costs.
The opposite
No question was scored the opposite.
Who it would affect, and how
Potential Positive Impacts for People
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Increased support for microemployers: Under Section 2(a), a "qualified microemployer" would see the credit applied at 100 percent instead of 50 percent, and the credit amount would increase from $500 to $2,500.
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Fee reductions for employers: According to Section 3(a)(3)(B), an eligible entity providing services must reduce the amount of fees charged to the eligible employer by an amount not less than the determined credit.
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Tax benefits for service providers: Section 3(a)(1) allows an eligible entity that provides services related to an eligible employer plan to claim a tax credit for the first 3 credit years.
Potential Negative Impacts for People
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Restrictions on employers claiming credits: Under Section 3(a)(5), an employer cannot claim the tax credit for qualified start up costs if the credit has been allowed to an eligible service provider for that same plan.
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Potential tax increases due to errors: According to Section 3(a)(8), if an eligible entity receives a credit amount greater than what would have been allowable to the employer—due to reasons like the employer not being an eligible employer or incorrect employee certification—the tax imposed on that entity will be increased.
Groups and Interests Ranking
Every group the model scored this bill for, from -10 to +10. Tap or hover a score for the reason it gave.
- Economy And Finance
- Does this make it easier to run a small business? — The act provides significant tax relief and the ability to assign credits to service providers to lower the cost of establishing retirement plans. Does this cut taxes for small businesses? — The bill increases the pension plan startup credit from 50 percent to 100 percent and raises the maximum credit amount from $500 to $2,500 for qualified microemployers. Is this likely to grow the economy? — By incentivizing retirement plan startups for microemployers, the bill encourages long-term wealth accumulation and business stability.
- Demographic And Interest Groups
- Would business owners be better off under this? — Microemployers receive a significantly higher percentage and amount of tax credit to offset startup costs. Would households on low incomes be better off under this? — The credit is specifically designed to help microemployers provide benefits to their employees, which often includes low-income workers. Would people over 65 be better off under this? — The bill promotes retirement savings which benefits future senior citizens.
- Social Issues And Justice
- Is this likely to lift people out of poverty? — The bill helps low-income workers at microemployers access retirement savings through enhanced startup credits.
- 7/21/2026
- 1 Cosponsor added.
- 5/14/2026
- Referred to the House Committee on Ways and Means.
- 3 Cosponsors added.
- Introduced in House
One bill Congress.gov lists as related to this one — companions in the other chamber, earlier versions, and bills this one absorbed or was folded into.
Abraham HamadehRepublican · Arizona
Linda SánchezDemocrat · California
Adrian SmithRepublican · Nebraska
Bradley SchneiderDemocrat · Illinois