Employer-Sponsored Retirement Plans Grant Fund; created. (HB1048)
Introduced By
Del. Luke Torian (D-Woodbridge)
Progress
✓ |
Introduced |
✗ |
Passed Committee |
☐ |
Passed House |
☐ |
Passed Senate |
☐ |
Signed by Governor |
☐ |
Became Law |
Description
Employer-Sponsored Retirement Plans Grant Fund. Directs the Department of Small Business and Supplier Diversity (the Department) to administer a grant program to incentivize small businesses to provide retirement plans for their employees. The bill defines small business as a business with 50 or fewer employees. The bill (i) establishes the Employer-Sponsored Retirement Plans Grant Fund, funded by the general appropriation act, from which such grants shall be disbursed and (ii) directs the Department to establish criteria for determining the amount of the grant to be awarded. Read the Bill »
Outcome
Bill Has Failed
History
Date | Action |
---|---|
01/09/2018 | Committee |
01/09/2018 | Prefiled and ordered printed; offered 01/10/18 18103140D |
01/09/2018 | Referred to Committee on Appropriations |
01/19/2018 | Assigned App. sub: Commerce, Agriculture, Natural Resources & Technology |
01/31/2018 | Impact statement from DPB (HB1048) |
02/07/2018 | Subcommittee recommends striking from docket (8-Y 0-N) |
02/13/2018 | Left in Appropriations |