today reintroduced the Retirement Investment in Small Employers (RISE) Act, legislation to help micro-businesses and service providers offer retirement plans and expand access to savings opportunities for American workers.
Expand retirement access by strengthening retirement plan tax credits for micro-businesses and service providers.
Occurrences
Evidence
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Rep. Schneider announced that he and bipartisan lawmakers reintroduced the Retirement Investment in Small Employers Act, described as legislation to help micro-businesses and service providers offer retirement plans. The release says the bill would fix a gap in SECURE 2.0 startup credits for employers with fewer than 10 employees and expand eligibility to service providers and independent businesses that deliver retirement plan options.
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H.R.8837 is listed as introduced on May 14, 2026 and referred to the House Committee on Ways and Means. The title is to provide a microemployer pension plan startup credit and permit assignment of small business pension plan startup credits. Sponsors listed include Rep. Claudia Tenney and Rep. Bradley Schneider.
Assessments
Schneider materially advanced legislation matching the promise by cosponsoring/reintroducing the RISE Act, which would strengthen retirement plan startup tax credits for micro-businesses and extend credit access to service providers. However, the relevant House bill was only introduced and referred to Ways and Means as of August 14, 2026, with no enactment or implemented tax-credit expansion shown. This is a serious same-term legislative effort, but the promised outcome has not been delivered.