A Republican bill with 1 Democratic cosponsor · See all 2 cosponsors
Last activity — Read twice and referred to the Committee on Finance.
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
This bill, called the "Small Nonprofit Retirement Security Act of 2025," aims to amend the Internal Revenue Code of 1986. It makes the credit for small employer pension plan startup costs and the retirement auto-enrollment credit available to tax-exempt eligible small employers. The changes made by this bill apply to taxable years beginning after December 31, 2024.
Yes· 3 of 7
- Scored +5
Does this make it easier to run a small business?
The bill aims to support small, tax-exempt employers by providing credits for pension plan startup costs and auto-enrollment.
- Scored +2
Would households on low incomes be better off under this?
It might encourage employers to offer retirement plans, which could benefit low-income employees.
- Scored +2
Would middle-income households be better off under this?
It might encourage employers to offer retirement plans, which could benefit middle-class employees.
The opposite
- Scored -1
Does this reduce what the federal government owes?
The bill potentially increases the national debt by decreasing revenue, requiring transfers from the general fund.
Who it would affect, and how
Potential Positive Impacts for People
-
Tax-Exempt Employers Can Offer Retirement Plans More Easily (Sections 2(a), 2(b)): By making the credit for small employer pension plan startup costs and the retirement auto-enrollment credit available to tax-exempt eligible small employers, this could incentivize these organizations to offer retirement plans to their employees. This could help more people save for retirement.
-
Payroll Tax Credit for Tax-Exempt Employers (Section 2(c)): The bill allows a credit against payroll tax for tax-exempt employers that are eligible for the pension plan startup costs or auto-enrollment credits. This can free up funds for these organizations to invest in their employees and services.
Potential Negative Impacts for People
- Reduction in Government Revenue (Section 2(e)): The bill states that amounts are appropriated to the Federal Old-Age and Survivors Trust Fund and the Federal Disability Insurance Trust Fund equal to the reduction in revenues to the Treasury. This might mean less money available for other government programs.
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.
- Demographic And Interest Groups
- Would households on low incomes be better off under this? — It might encourage employers to offer retirement plans, which could benefit low-income employees. Would middle-income households be better off under this? — It might encourage employers to offer retirement plans, which could benefit middle-class employees. Would business owners be better off under this? — Tax-exempt small employers may benefit from reduced costs associated with starting pension plans. Would people in middle age be better off under this? — It can help middle-aged individuals working for nonprofits save for retirement. Would people in their twenties and thirties be better off under this? — It can help young adults working for nonprofits save for retirement.
- Economy And Finance
- Does this make it easier to run a small business? — The bill aims to support small, tax-exempt employers by providing credits for pension plan startup costs and auto-enrollment. Is this likely to grow the economy? — By incentivizing retirement plans, it might indirectly contribute to long-term economic growth. Does this reduce what the federal government owes? — The bill potentially increases the national debt by decreasing revenue, requiring transfers from the general fund.
- 9/10/2025
- 1 Cosponsor added.
- 7/21/2025
- Read twice and referred to the Committee on Finance.
- 1 Cosponsor added.
- Introduced in Senate
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.
Jim BanksRepublican · Indiana
Catherine Cortez MastoDemocrat · Nevada