HR7315-119

What This Bill Does

The Advancing Policy Priorities Act is an omnibus package with the same substantive structure as its companion bill. It extends livestock mandatory reporting deadlines to 2025; directs Labor and VA officials to maintain a veteran-facing apprenticeship website; states that agencies should retain injured federal officers and amends civil-service retirement rules for affected employees in covered positions; and imports a large retirement-savings title. The retirement title requires automatic enrollment for many new 401(k) and 403(b) arrangements, expands the small-employer pension startup credit, promotes and enhances the saver credit, allows 403(b) group trust investments, raises required minimum distribution ages, indexes IRA catch-up limits, increases catch-up limits for ages 62 through 64, modifies pooled employer plans and multiple-employer 403(b) plans, permits employer matches for student loan payments, creates a military spouse retirement credit, improves part-time worker access, changes ESOP, annuity, overpayment, paper statement, domestic abuse withdrawal, Roth, hardship, and plan-amendment rules, and creates a Retirement Savings Lost and Found. Other titles codify SBA Boots to Business training through September 30, 2028, establish a commission to study a National Museum of Asian Pacific American History and Culture, require SelectUSA semiconductor investment coordination and reporting, create a uniform FEMA review process for nonstandard homeland-security grant equipment, state NASA enhanced-use leasing findings, require House committee implementation hearings, protect congressional whistleblower identities, require a Federal Maritime Commission study of foreign ownership at major U.S. container ports, set PAYGO scoring treatment, change Federal credit union board-meeting frequency, and include fiscal year 2026 appropriations language.

Who Benefits and How

Retirement savers, part-time workers, domestic abuse survivors, older IRA owners, military spouses, small employers, 403(b) participants, ESOP sponsors, first responders, and workers repaying student loans benefit from more generous savings rules, credits, enrollment, withdrawal flexibility, and plan access. Veterans, service members, spouses, and dependents benefit from apprenticeship information and SBA entrepreneurship training. Livestock producers and market participants benefit from continued USDA mandatory reporting data. Asian Pacific American communities benefit from a federal museum feasibility process. Semiconductor manufacturers, State economic development agencies, and SelectUSA benefit from coordinated foreign direct investment work. Emergency response agencies benefit from a clearer FEMA equipment-review path, and whistleblowers benefit from House rules protecting identity disclosure.

Who Bears the Burden and How

Employers, retirement plan sponsors, pooled plan fiduciaries, plan administrators, IRA providers, 403(b) administrators, Treasury, IRS, Department of Labor, PBGC, SBA, SelectUSA, FEMA, House committees, Federal Maritime Commission, Federal credit unions, and federal budget staff must implement new rules, reports, guidance, databases, reviews, or administrative procedures. Federal taxpayers and federal revenue collections bear the cost of tax credits, deductions, exclusions, appropriations, and delayed or reduced tax collections. Financial institutions, employers, and plan vendors must update systems for automatic enrollment, Roth treatment, student-loan matches, paper statements, hardship certifications, domestic-abuse distributions, and other plan changes. Foreign terminal owners and ports face scrutiny under the foreign-port ownership study.

Key Provisions

• Extends livestock mandatory reporting and creates veteran apprenticeship information requirements.
• Modifies federal officer retirement treatment for injured covered-position employees.
• Expands retirement access, credits, catch-up contributions, student-loan matching, emergency withdrawals, Roth treatment, and plan-correction rules across 401(k), 403(b), IRA, ESOP, annuity, and governmental plan settings.
• Creates or directs programs and studies for Boots to Business, an Asian Pacific American museum commission, SelectUSA semiconductor investment, FEMA equipment approval, NASA leasing, House oversight, whistleblower identity protection, and foreign-port ownership.
• Modifies PAYGO treatment, Federal credit union board-meeting rules, and fiscal year 2026 appropriations language.