Fairness for Early Withdrawers Act

Proposed changes to lengthen the solvency of social security Proposed creation of a new retirement savings program provided by employers to increase savings for retirement H.R. 3971 - Senior Citizens Tax Elimination Act - This bill amends the Internal Revenue Code to repeal the inclusion of any Social Security or tier I railroad retirement benefits in gross income for income tax purposes. H.R. 5576 - Double Dip Elimination Act - Would responsibly address individuals inappropriately receiving benefits twice: from the Social Security Disability Insurance program (SSDI), and from the Unemployment Insurance program (UI). H.R. 5577 - No Social Security for Illegal Aliens Act of 2020 - According to the language of this bill, unauthorized work performed by illegal aliens in the U.S. would not constitute coverage by Social Security, prohibiting them from receiving benefits later in life. H.R. 3934 - Equal Treatment of Public Servants Act of 2019 - To amend title II of the Social Security Act to replace the windfall elimination provision with a formula equalizing benefits for certain individuals with noncovered employment, and for other purposes. H.R. 4854 - Making DI Work For All Americans Act of 2019 - This bill modernizes the Social Security Disability Insurance (SSDI) trust fund S. 2016 - Social Security Disability Insurance Return to Work Act of 2019 - This bill would help Social Security Disability Insurance beneficiaries who can recover return to work, while also preserving the program's long-term sustainability for the permanently disabled. H.R. 7016 - Fairness for Early Withdrawers Act - Ensures seniors would be able to rollover their RMD past the 60-day limit under current law for distributions made in 2020 Retirement Inflation Protection Act of 2016 - Indexes retirement savings to inflation to reduce capital gains taxes on ghost earnings

Client expense: Not reported · Firm income: $15,000

Government targets: HOUSE OF REPRESENTATIVES, SENATE

Proposed changes to lengthen the solvency of social security Proposed creation of a new retirement savings program provided by employers to increase savings for retirement H.R. 3971 - Senior Citizens Tax Elimination Act - This bill amends the Internal Revenue Code to repeal the inclusion of any Social Security or tier I railroad retirement benefits in gross income for income tax purposes. H.R. 5576 - Double Dip Elimination Act - Would responsibly address individuals inappropriately receiving benefits twice: from the Social Security Disability Insurance program (SSDI), and from the Unemployment Insurance program (UI). H.R. 5577 - No Social Security for Illegal Aliens Act of 2020 - According to the language of this bill, unauthorized work performed by illegal aliens in the U.S. would not constitute coverage by Social Security, prohibiting them from receiving benefits later in life. H.R. 3934 - Equal Treatment of Public Servants Act of 2019 - To amend title II of the Social Security Act to replace the windfall elimination provision with a formula equalizing benefits for certain individuals with noncovered employment, and for other purposes. H.R. 4854 - Making DI Work For All Americans Act of 2019 - This bill modernizes the Social Security Disability Insurance (SSDI) trust fund S. 2016 - Social Security Disability Insurance Return to Work Act of 2019 - This bill would help Social Security Disability Insurance beneficiaries who can recover return to work, while also preserving the program's long-term sustainability for the permanently disabled. H.R. 7016 - Fairness for Early Withdrawers Act - Ensures seniors would be able to rollover their RMD past the 60-day limit under current law for distributions made in 2020

Client expense: Not reported · Firm income: $15,000

Government targets: HOUSE OF REPRESENTATIVES, SENATE

H.R. 2005 - Women's Retirement Protection Act of 2019; entire bill H.R. 5676 - Retirement Plan Modernization Act; entire bill H.R. 6562 - the Securing Additional Value for Every Retirement Saver (SAVERS) Act; entire bill H.R. 6958 - To allow provide that the unused balance of a dependent care flexible spending arrangement at the end of plan year 2020 may be rolled over to the following plan year; entire bill H.R. 7008 - The Family Savings Flexibility Act; entire bill H.R. 7016 - Fairness for Early Withdrawers Act; entire bill H.R. 8406 - The Heroes Act; provisions relating to retirement plans S. 321 - Retirement Security Act of 2019; entire bill S. 322 - SIMPLE Plan Modernization Act; entire bill S. 1011 - To amend the Internal Revenue Code of 1986 and the Employee Retirement Income Security Act of 1974 to modify the requirements for multiple employer plans, and for other purposes; entire bill S. 1018 - Refund to Rainy Day Savings Act; entire bill S. 1019 - Strengthening Financial Security Through Short-Term Savings Accounts Act of 2019; entire bill S. 1020 - Retirement Flexibility Act; entire bill S. 1428 - Retirement Parity for Student Loans Act; entire bill S. 1431 - Retirement Security and Savings Act of 2019; entire bill S. 3417 - Information Needed for Financial Options Risk Mitigation (INFORM) Act; entire bill S. 4537 - Reinvigorating the Economy, Creating Opportunity for every Vocation, Employer, Retiree & Youth Act or RECOVERY Act; provisions relating to retirement security Not Yet Introduced: Proposal for an employer retirement plan requirement

Client expense: $130,000 · Firm income: Not reported

Government targets: HOUSE OF REPRESENTATIVES, SENATE