Bill · S. 2365· Senate(119-S-2365)
Small Nonprofit Retirement Security Act of 2025
- Introduced
- 7/21/2025
- Last activity
- 7/21/2025 — Read twice and referred to the Committee on Finance.
- Sponsored by
- James Lankford
- Cosponsors
- - 1 - 1
- 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
Does this make it easier to run a small business?+5
The bill aims to support small, tax-exempt employers by providing credits for pension plan startup costs and auto-enrollment.
Would households on low incomes be better off under this?+2
It might encourage employers to offer retirement plans, which could benefit low-income employees.
Would middle-income households be better off under this?+2
It might encourage employers to offer retirement plans, which could benefit middle-class employees.
The opposite
Does this reduce what the federal government owes?-1
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.
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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. Hover a score for the reason it gave.
- Demographic And Interest Groups
- Good For Low Income Households+2Good For Middle Class Households+2Good For Business Owners+1Good For Middle Aged+1Good For Young Adults+1
- Economy And Finance
- Improves Small Business Support+5Improves Economic Growth+1Reduces National Debt-1
- 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