# 119-s-1840: Retirement Investment in Small Employers Act

119-s-1840, Retirement Investment in Small Employers Act, is a 119th Congress bill sponsored by Sen. Hassan, Margaret Wood [D-NH] (D-NH); status introduced; PRIA reads it as touching household money (as of 2026-07-18).

- Canonical: https://policyrisk.com/legislation/119-s-1840
- As of: 2026-07-18
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 119-s-1840
- Congress: 119
- Title: Retirement Investment in Small Employers Act
- Status: introduced
- Introduced: 2025-05-21
- Sponsor: Sen. Hassan, Margaret Wood [D-NH] (D-NH)
- Cosponsors: 1
- Policy area: Taxation
- Touches household money: yes
- Last recorded action: 2026-07-18

## Summary

**This bill would create a _100% startup credit for qualified microemployers_** to help very small employers cover the cost of starting matching retirement plans and to strengthen the link between the credit and plan designs that accept matching contributions. - Very small employers: Would raise the Section 45E credit from 50% to 100% of eligible plan startup contributions and increase the annual cap from $500 to $2,500 for qualifying microemployers. - Eligibility rules: Would define a "qualified microemployer" by using a 10-employee threshold instead of 100 and require that the employer’s plan accept matching contributions under Section 6433. - Timing: Would apply to taxable years beginning after December 31, 2024.

## Cosponsors (1)

- Sen. Budd, Ted [R-NC] (R-NC), 2025-05-21T00:00:00.000Z

## Provisions PRIA read

- Larger retirement credit for tiny employers: benefit, high. This bill would create a new Section 45E "Credit for Microemployers." If enacted, qualified microemployers could claim a 100% tax credit for qualifying employer retirement contributions or startup costs (up from 50%). The yearly credit cap would increase to $2,500 (up from $500). To qualify, an emp…

## Related bills

- 119-s-3923: Weather Research and Forecasting Innovation Reauthorization Act of 2026
- 119-s-3990: PrEP Access and Coverage Act of 2026
- 119-s-1782: Charlotte Woodward Organ Transplant Discrimination Prevention Act
- 119-s-1639: American Innovation and Jobs Act
- 119-s-1241: Sanctioning Russia Act of 2025
- 119-s-545: Combating Illicit Xylazine Act

## Sources
- [119-s-1840 on Congress.gov](https://www.congress.gov/bill/119th-congress/senate-bill/1840)

## Related
- [119-s-3923: Weather Research and Forecasting Innovation Reauthorization Act of 2026](https://policyrisk.com/legislation/119-s-3923)
- [119-s-3990: PrEP Access and Coverage Act of 2026](https://policyrisk.com/legislation/119-s-3990)
- [119-s-1782: Charlotte Woodward Organ Transplant Discrimination Prevention Act](https://policyrisk.com/legislation/119-s-1782)
- [119-s-1639: American Innovation and Jobs Act](https://policyrisk.com/legislation/119-s-1639)
- [119-s-1241: Sanctioning Russia Act of 2025](https://policyrisk.com/legislation/119-s-1241)
- [119-s-545: Combating Illicit Xylazine Act](https://policyrisk.com/legislation/119-s-545)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/119-s-1840 (as of 2026-07-18).