,,ii  #aai? ,,congress  #a/ ,session    
,s4 #bbag  ,,9 ,,! ,,s5ate ,,( ,,!      
,,unit$ ,,/ates  ,july #i1 #bjbe,mr4    
,cassidy introduc$ ! foll[+ bill2 :i* 0 
read twice & ref]r$ to ! ,committee on  
,heal?1 ,education1 ,labor1 & ,p5sions  
,a ,,bill  ,to am5d ! ,employee         
,retirem5t ,income ,security ,act (     
#aigd & ! ,int]nal ,rev5ue ,code ( #aihf
 reg>d+ p5sion plans = indep5d5t work]s1
 & = o!r purposes4  #a4 ,%ort title ,?is
 ,act may be cit$ z ! ,indep5d5t        
,retirem5t ,fairness ,act4  #b4 ,pool$  
employ] plans = indep5d5t work]s        
,section #c7dc7 ( ! ,employee ,retirem5t
 ,income ,security ,act ( #aigd 7#bi    
,u4,s4,c4 #ajjb7dc77 is am5d$ by add+ at
 ! end ! foll[+3  7,e7 ,treatm5t (      
indep5d5t work]s z employees  7i7 ,9    
g5]al  7,i7 ,indep5d5t work]s ,=        
purposes ( a pool$ employ] plan1 an     
indep5d5t work] may be enroll$ 9 ! pool$
 employ] plan z if ! indep5d5t work] 7  
an employee ( an employ] 9 ! plan & %all
 be consid]$ a p>ticipant = purposes ( !

 plan4  7,,ii7 ,trade associations ,=   
purposes ( a pool$ employ] plan1 a trade
 association may be 9 a pool$ employ]   
plan z if ! trade organization 7 an     
employ] & may enroll an indep5d5t work] 
9 ! plan 9 accordance ) subclause 7,i74 
7ii7 ,data h>monization ,= purposes ( an
 indep5d5t work] :o is a p>ticipant 9 a 
pool$ employ] plan1 an employ] ( an     
indep5d5t work] or a trade organization 
t enrolls an indep5d5t work] may %>e    
data reg>d+ ! indep5d5t work] ) any     
p]son z necess>y to facilitate !        
e/abli%m5t & ma9t5ance ( ! pool$ employ]
 plan4  7iii7 ,rule ( con/ruction reg>d+
 employm5t /atus ,! /atus ( an indep5d5t
 work] z a p>ticipant 9 a pool$ employ] 
plan ( an employ] or a trade association
 & any contributions made to su* a pool$
 employ] plan by ! employ] on behalf (  
an indep5d5t work] %all n be con/ru$ to 
mean t ! indep5d5t work] is an employee 
( ! employ] or trade association 9 !    
plan = purposes ( any ,f$]al1 ,/ate1 or 
local law4  7iv7 ,def9itions ,= purposes

 ( ?is subp>agraph3 7,i7 ,indep5d5t     
work] ,! t]m indep5d5t work] means an   
individual :o1 ) respect to an employ]1 
p]=ms "w = remun]ation = ! employ] & is 
n an employee ( ! employ]4  7,,ii7      
,trade association ,! t]m trade         
association includes any labor          
organization1 work] coop]ative1 employee
 organization1 association ( work]s 9   
relat$ or unrelat$ indu/ries1 or        
association ( relat$ companies or       
contractors4  4  #c4 ,simplifi$ employee
 p5sions = indep5d5t work]s  7a7 ,9     
g5]al ,subsection 7k7 ( section #djh ( !
 ,int]nal ,rev5ue ,code ( #aihf is am5d$
 by r$esignat+ p>agraph 7#aj7 z p>agraph
 7#aa7 & by ins]t+ aft] p>agraph 7#i7 ! 
foll[+ new p>agraph3  7#aj7 ,indep5d5t  
work]s  7,a7 ,9 g5]al ,at ! election ( !
 employ]1 an indep5d5t work] may be     
treat$ = purposes ( ?is subsection 9 !  
same mann] z an employee1 z provid$ 9   
?is p>agraph4  7,b7 ,p>ticipation ,9 !  
case ( indep5d5t work]s-- 7i7           
,p>ticipation ,an employ] may elect to  

exclude su* work]s 9 apply+ p>agraph    
7#b74  7ii7 ,employees elect+ ,p>agraph 
7#f77;,a77ii7 %all n apply4  7,c7       
,indep5d5t work]s treat$ sep>ately ,=   
purposes ( apply+ p>agraphs 7#c77;,c71  
7#e71 & 7#f77;,a77iii71 ! employ] may   
elect to treat indep5d5t work]s         
sep>ately f employees4  7,d7 ,n c\nt$ 9 
employ] size ,indep5d5t work]s %all n be
 tak5 into acc\nt z employees 9 apply+  
p>agraph 7#f77;,b74  7,e7 ,contribution 
( bonuses ,not)/&+ p>agraphs 7#c77;,c7 &
 7#e71 9 ! case ( any indep5d5t work] :o
 is entitl$ to receive a ca% bonus f !  
employ]1 at ! election ( ! indep5d5t    
work] su* bonus may be contribut$ to !  
acc\nt or annuity ( ! work] pursuant to 
! simplifi$ employee p5sion & n paid to 
! work] 9 ca%4 ,any bonus s contribut$  
%all n be tak5 into acc\nt 9 det]m9+ !  
p]c5tage ( comp5sation contribut$ )     
respect to ! work]4  7,f7 ,deposits into
 susp5sion acc\nt ,an acc\nt or annuity 
%all n fail to be treat$ z a simplifi$  
employee p5sion solely because ! t]ms ( 

! p5sion all[ ! employ]1 at ! election (
 ! indep5d5t work]1 to deposit          
contributions into a susp5sion acc\nt   
in/ead ( into ! acc\nt or annuity1 if   
su* contributions are ei!r-- 7i7 return$
 to ! indep5d5t work] 9 ca%1 or  7ii7   
contribut$ into ! acc\nt or annuity     
pursuant to ! t]ms ( ! p5sion1  )9 !    
same taxable ye> or n lat] ?an ! la/    
date on :i* contributions may be made = 
su* taxable ye>4 ,am\nts contribut$ to !
 acc\nt or annuity pursuant to ! prec$+ 
s5t5ce %all be treat$ = purposes ( ?is  
subsection z if contribut$ directly to  
su* acc\nt or annuity1 & am\nts return$ 
to ! indep5d5t work] 9 ca% %all be      
treat$ z nev] contribut$ "u ! simplifi$ 
employee p5sion4  7,g7 ,def9itions ,=   
purposes ( ?is p>agraph-- 7i7 ,indep5d5t
 work] ,! t]m indep5d5t work] has !     
mean+ giv5 ! t]m 9 section #c7dc77;,e7 (
 ! ,employee ,retirem5t ,income         
,security ,act ( #aigd4  7ii7 ,susp5sion
 acc\nt ,! t]m susp5sion acc\nt has !   
mean+ giv5 ! t]m 9 section #e ( !       

,indep5d5t ,retirem5t ,fairness ,act4  4
  7b7 ,effective date ,! am5dm5t made by
 ?is section %all apply to taxable ye>s 
beg9n+ aft] ! date ( ! enactm5t ( ?is   
,act4  #d4 ,simplification ( audit+     
requirem5ts = gr\ps ( plans ,section    
#bjb ( ! ,sett+ ,e ,community ,up =     
,retirem5t ,enhancem5t ,act ( #bjai 7#bi
 ,u4,s4,c4 #fjeh et seq47 is am5d$ by-- 
7#a7 by /rik+ relate only & ins]t+ !    
foll[+3  7,a7 relate only  2 &  7#b7 by 
/rik+ ! p]iod & ins]t+ ! foll[+3 2 &    
7,b7 be bas$ on ! same acc\nt+ pr9ciples
 applicable to op9ions ) respect to     
pool$ employ] plans 7z def9$ 9 section  
#c7dc7 ( su* ,act 7#bi ,u4,s4,c4        
#ajjb7dc7771 except t su* an op9ion %all
 take into acc\nt ! limitations on ! use
 ( ! assets ( a plan to pay b5efits &   
exp5ses only ) respect to su* plan &    
%all take into acc\nt t plans 9 a gr\p (
 plans describ$ 9 subsection 7c7 may h  
sep>ate tru/s4  4  #e4 ,simplification (
 audit+ = pool$ employ] plans  7a7 ,9   
g5]al ,section #c7dc7 ( ! ,employee     

,retirem5t ,income ,security ,act (     
#aigd 7#bi ,u4,s4,c4 #ajjb7dc771 z am5d$
 by section #b ( ?is ,act1 is fur!r     
am5d$ by add+ at ! end ! foll[+3  7,f7  
,audit requirem5t ,any op9ion requir$ by
 section #ajc7;a77#c7 ) respect to a    
pool$ employ] plan %all relate only to !
 portions ( su* a plan attributable to a
 p>ticipat+ employ] = :i* su* an op9ion 
w\ld be requir$ if ! p>ticipat+ employ] 
ma9ta9$ su* portion z a s+le-employ]    
plan sep>ate f ! pool$ employ] plan4  4 
7b7 ,effective date ,! am5dm5t made by  
?is section %all apply to plan ye>s     
beg9n+ aft] ! date ( enactm5t ( ?is     
,act4  #f4 ,pilot programs = ! gig      
economy  7a7 ,9 g5]al ,! ,secret>y ( !  
,treasury & ! ,secret>y ( ,labor %all1 9
 coop]ation & aft] review+ a survey (   
relevant academic lit]ature & consult+ )
 relevant companies1 e/abli% pilot      
programs to enc\rage indep5d5t work]s to
 save = retirem5t1 includ+-- 7#a7 a     
program t all[s an indep5d5t work] to   
r\nd d[n any comp5sation paid to !      

indep5d5t work] to ! ne>e/ :ole doll>   
am\nt & automatically contribute ! am\nt
 ( comp5sation 9 excess ( su* :ole doll>
 am\nt z an elective employee           
contribution to a pool$ employ] plan 9  
:i* ! indep5d5t work] is enroll$1 a solo
 #dja7k7 ( ! indep5d5t work]1 or a      
susp5sion acc\nt2 &  7#b7 a program t   
all[s an indep5d5t work] to designate an
 am\nt t w be automatically d$uct$ f !  
comp5sation paid to ! indep5d5t work] =1
 z select$ by ! indep5d5t work]1 ea* pay
 p]iod or mon?ly1 qu>t]ly1              
semi-annually1 or annually &            
automatically contribut$ z an elective  
employee contribution to a pool$ employ]
 plan 9 :i* ! indep5d5t work] is        
enroll$1 a solo #dja7k7 ( ! indep5d5t   
work]1 or a susp5sion acc\nt4  7b7      
,coord9ation ) safe h>bor plan rules ,z 
provid$ by ! ,secret>y ( ! ,treasury 7or
 su* ,secret>y's delegate71 ! pilot     
programs "u subsection 7a7 may be       
conduct$ 9 or ?r\gh ! use ( safe h>bor  
plans1 & any su* plan p>ticipat+ 9 su* a

 pilot program %all n be treat$ z fail+ 
to meet any requirem5t applicable to su*
 plan by reason ( su* p>ticipation4 ,=  
purposes ( ! prec$+ s5t5ce1 ! t]m safe  
h>bor plan means any qualifi$ ca% or    
def]r$ arrangem5t :i* meets !           
requirem5ts ( p>agraph 7#aa71 7#ab71    
7#ac71 or 7#af7 ( section #dja7k7 ( !   
,int]nal ,rev5ue ,code ( #aihf4  7c7    
,def9itions ,= purposes ( ?is section3  
7#a7 ,indep5d5t work] ,! t]m indep5d5t  
work] has ! mean+ giv5 ! t]m 9 section  
#c7dc77;,e7 ( ! ,employee ,retirem5t    
,income ,security ,act ( #aigd 7#bi     
,u4,s4,c4 #ajjb7dc77;,e774  7#b7 ,pool$ 
employ] plan ,! t]m pool$ employ] plan  
has ! mean+ giv5 ! t]m 9 section #c7dc7 
( ! ,employee ,retirem5t ,income        
,security ,act ( #aigd 7#bi ,u4,s4,c4   
#ajjb7dc774  7#c7 ,solo #dja7k7 ,! t]m  
solo #dja7k7 means a qualifi$ ca% or    
def]r$ arrangem5t 7z def9$ 9 section    
#dja7k77#b7 ( ! ,int]nal ,rev5ue ,code (
 #aihf7 cov]+ a s+le p>ticipant 7or a   
s+le p>ticipant & su* individual's      

sp\se74  7#d7 ,susp5sion acc\nt ,! t]m  
susp5sion acc\nt means an acc\nt t is   
e/abli%$ & ma9ta9$ on behalf ( an       
indep5d5t work] t-- 7,a7 all[s = !      
deposit ( am\nts by ! indep5d5t work]1  
includ+ ! am\nts describ$ 9 p>agraphs   
7#a7 & 7#b7 ( subsection 7a72  7,b7     
all[s = ! indep5d5t work] to )draw      
am\nts deposit$ 9 ! acc\nt &-- 7i7      
contribute su* )drawn am\nts to a pool$ 
employ] plan 9 :i* ! indep5d5t work] is 
enroll$2 or  7ii7 contribute su* )drawn 
am\nts into a simplifi$ employee p5sion 
z provid$ "u section #djh7k77#aj7 ( !   
,int]nal ,rev5ue ,code ( #aihf2 &  7,c7 
provides t any am\nt rema9+ 9 ! acc\nt  
at ! end ( ea* ye>1 aft] any )drawals "u
 subp>agraph 7,b71 %all be return$ to ! 
indep5d5t work] 9 a lump sum4