Employer-Sponsored Retirement Plans Grant Fund; created. (HB1048)

Introduced By

Del. Luke Torian (D-Woodbridge)


Passed Committee
Passed House
Passed Senate
Signed by Governor
Became Law


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 »


Bill Has Failed


01/09/2018Prefiled and ordered printed; offered 01/10/18 18103140D
01/09/2018Referred to Committee on Appropriations
01/19/2018Assigned App. sub: Commerce, Agriculture, Natural Resources & Technology
01/31/2018Impact statement from DPB (HB1048)
02/07/2018Subcommittee recommends striking from docket (8-Y 0-N)
02/13/2018Left in Appropriations