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House Passes Build Back Better Act | Groom Law Group, Chartered

On November 19, 2021, the U.S. House of Representatives voted to approve the Build Back Better Act (H.R. 5376, the “BBB Act”), the budget reconciliation bill that includes much of. ....

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House Budget Reconciliation Text Includes Significant Health, Paid Leave, And Retirement Provisions - Employment and HR

House Budget Reconciliation Text Includes Significant Health, Paid Leave, And Retirement Provisions - Employment and HR
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Congress Finalizes COVID-19 Legislation With Health, Tax, and Retirement Changes | Groom Law Group, Chartered

On March 10, 2021, the House of Representatives passed the version of the
American Rescue Plan Act (H.R. 1319, the “Act”) previously passed by the Senate on March 6. President Biden is expected to sign the legislation on Friday. The Act is intended to, among other things, provide financial support to families struggling because of the pandemic, including a third round of stimulus checks for individuals (up to certain income limits), temporary COBRA and Affordable Care Act (“ACA”) subsidies intended to help people maintain health insurance coverage during the pandemic, and funding for COVID-19 vaccines and testing. The Act also includes a number of other tax and retirement provisions, including extended funding stabilization for single-employer pension plans, financial assistance for certain multiemployer pension plans, and changes to the executive compensation rules. Below, we summarize the key health, tax, and retirement provisions in the Act. ....

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