This page contains bills sponsored by incumbent Senators who are running for re-election in 2008, plus House incumbents running for Senate in 2008. Bill sponsorships indicate the topics that legislators are most interested in, and spend the most time on. These bills are selected as the "signature issue" that each legislator focused on.

08-S1288 on Mar 6, 2008

1. require certain small employers who do not provide retirement plans for their employees to allow eligible employees to participate in a payroll deposit individual retirement account arrangement (automatic IRA);
2. expand eligibility for the tax credit for retirement savings contributions (saver's credit) and make such credit refundable;
3. allow part-time employees to participate in qualified cash or deferred arrangements;
4. allow the transfer of up to $500 of unused health plan benefits to qualified retirement plans;
5. treat wage replacement income (e.g., disability pay or unemployment compensation) as earned income for purposes of IRA contribution limits; and
6. allow self-employed individuals to deduct pension plan contributions from their self-employment income.

• Topic: Social Security
• Headline: Require small businesses to allow automatic IRA deposits
• Headline 2: Require small businesses to allow automatic IRA deposits
  
  
• Key for participation codes:
• Sponsorships: p=sponsored; o=co-sponsored; s=signed
• Memberships: c=chair; m=member; e=endorsed; f=profiled; s=scored
• Resolutions: i=introduced; w=wrote; a=adopted
• Cases: w=wrote; j=joined; d=dissented; c=concurred
• Surveys: '+' supports; '-' opposes.