Responsible Legislating Act
December 17, 2024
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Where This Stands
Currently IN_COMMITTEE. The next step in the legislative lifecycle is Floor Vote.
Version history
Only one version on file - nothing to compare yet. As later stages (committee substitute, engrossed, enrolled) are captured, the redline appears here.
View official text →The Frame
The bill significantly alters how millions of Americans save for retirement by changing contribution limits, automatic enrollment rules, and withdrawal penalties, while also creating new federal oversight and reporting requirements for agencies.
Potentially affected actors named in the source documents. Mention is not a position.
Retirement plan participants
Individuals will see changes to contribution limits, withdrawal rules, and required distribution ages.
Veterans
Veterans gain access to new apprenticeship search tools and entrepreneurship training programs.
Small business owners
Small businesses may qualify for new tax credits for offering retirement plans and military spouse participation incentives.
First responders
Firefighters and other first responders gain new penalty-free withdrawal options and tax exclusions for certain disability payments.
Current stage: IN_COMMITTEE.
Floor Vote.
Background
- The bill is a comprehensive legislative package addressing retirement security, veteran support, and various administrative and criminal justice updates. context
Summary
Key Facts
You don't have to trust us. Each fact below is taken straight from the official document - click any one to see the exact passage, highlighted in the original.
Frequently Asked Questions
How does this bill affect my student loans and retirement?
What is the new 'Retirement Savings Lost and Found'?
Does this bill change when I have to start taking money out of my retirement account?
Why It Matters
The bill significantly alters how millions of Americans save for retirement by changing contribution limits, automatic enrollment rules, and withdrawal penalties, while also creating new federal oversight and reporting requirements for agencies.
News Coverage
Lobbying Activity
MEHLMAN CONSULTING, INC.
on behalf of NORTHERN TRUST
CRYPTO COUNCIL FOR INNOVATION
SMITH ADVOCACY GROUP, LLC
on behalf of MARINE INDUSTRIES ASSOCIATION OF SOUTH FLORIDA
SULLIVAN & CROMWELL LLP
on behalf of AMERICAN EXCHANGE COALITION (INFORMAL COALITION)
1-800 Contacts, Inc.
2020
“Issues and legislative proposals related to contact lenses Issues related to the Federal Trade Commission Contact Lens Rule Issues related to HR3975 Contact Lens Prescription Verification Modernization Act Issues related to COVID-19 response. H.R. 6800, HEROES Act; H.R. 748, Coronavirus Aid, Relief, and Economic Security (CARES) Act.”
1-800 Contacts, Inc.
2020
“Issues and legislative proposals related to contact lenses Issues related to the Federal Trade Commission Contact Lens Rule Issues related to HR3975 Contact Lens Prescription Verification Modernization Act Issues related to COVID-19 response. H.R. 6800, HEROES Act; H.R. 748, Coronavirus Aid, Relief, and Economic Security (CARES) Act. Issues related to S. 4613, The Contact Lens Rule Modernization Act”
1-800 Contacts, Inc.
2020
“Issues and legislative proposals related to contact lenses Issues related to the Federal Trade Commission Contact Lens Rule Issues related to HR3975 Contact Lens Prescription Verification Modernization Act Issues related to COVID-19 response. H.R. 6800, HEROES Act; H.R. 748, Coronavirus Aid, Relief, and Economic Security (CARES) Act. Issues related to S. 4613, The Contact Lens Rule Modernization Act”
1-800 Contacts, Inc.
2020
“Issues and legislative proposals related to contact lenses Issues related to the Federal Trade Commission Contact Lens Rule Issues related to HR3975 Contact Lens Prescription Verification Modernization Act Issues related to COVID-19 response. H.R. 6800, HEROES Act; H.R. 748, Coronavirus Aid, Relief, and Economic Security (CARES) Act.”
Sponsors
Discoveries
Patterns POLISCOPE noticed across the record. These are observations to investigate, not conclusions.
Integration of Student Debt and Retirement
The bill marks a significant policy shift by allowing student loan payments to trigger employer retirement matching, effectively treating debt repayment as a form of retirement saving.
Connected Entities
Analysis Score
0–100- Significance90How much this matters to a regular citizen
- Controversy20Intensity of disagreement among stakeholders
- Entertainment10Compellingness for a non-policy-wonk reader
- Buzz40Current news / social attention level
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