# 116-hr-8083: Preserving Employee Retirement Savings Act of 2020

116-hr-8083, Preserving Employee Retirement Savings Act of 2020, is a 116th Congress bill sponsored by Rep. Schneider, Bradley Scott [D-IL-10] (D-IL); status Referred to the House Committee on Ways and Means. (as of 2025-11-18).

- Canonical: https://policyrisk.com/legislation/116-hr-8083
- As of: 2025-11-18
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 116-hr-8083
- Congress: 116
- Title: Preserving Employee Retirement Savings Act of 2020
- Status: Referred to the House Committee on Ways and Means.
- Introduced: 2020-08-21
- Sponsor: Rep. Schneider, Bradley Scott [D-IL-10] (D-IL)
- Cosponsors: 1
- Policy area: Taxation
- Touches household money: no
- Last recorded action: 2025-11-18

## Summary

Preserving Employee Retirement Savings Act of 2020 This bill allows an employer that has a temporary substantial business hardship and, if not a tax-exempt or cooperative organization, does not have more that $41.5 million in gross receipts a tax credit for 20% of retirement contributions made to employee retirement accounts. The amount of such credit for any employer may not exceed $100,000 in any taxable year.

## Cosponsors (1)

- Rep. Kelly, Mike [R-PA-16] (R-PA), 2020-08-21T00:00:00.000Z

## Related bills

- 116-hr-8662: Accelerating Access to Critical Therapies for ALS Act
- 116-hr-7642: Coronavirus Economic Relief for Transportation Services Act
- 116-hr-7481: RESTART Act
- 116-hr-6799: Keeping the Lights On Act of 2020
- 116-hr-5826: Consumer Protections Against Surprise Medical Bills Act of 2020
- 116-hr-5172: NOPAIN Act

## Sources
- [116-hr-8083 on Congress.gov](https://www.congress.gov/bill/116th-congress/house-bill/8083)

## Related
- [116-hr-8662: Accelerating Access to Critical Therapies for ALS Act](https://policyrisk.com/legislation/116-hr-8662)
- [116-hr-7642: Coronavirus Economic Relief for Transportation Services Act](https://policyrisk.com/legislation/116-hr-7642)
- [116-hr-7481: RESTART Act](https://policyrisk.com/legislation/116-hr-7481)
- [116-hr-6799: Keeping the Lights On Act of 2020](https://policyrisk.com/legislation/116-hr-6799)
- [116-hr-5826: Consumer Protections Against Surprise Medical Bills Act of 2020](https://policyrisk.com/legislation/116-hr-5826)
- [116-hr-5172: NOPAIN Act](https://policyrisk.com/legislation/116-hr-5172)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/116-hr-8083 (as of 2025-11-18).