Search Results: keywords:"reasonable compensation"

  • S. 4911 — To amend the Internal Revenue Code to allow employers to contribute to ABLE accounts in lieu of retirement plan contributions.
    Status:Introduced in Senate
    Words:1,174

    S. 4911, known as the “ABLE Employment Flexibility Act,” proposes changes to the Internal Revenue Code to allow employers to contribute directly to ABLE accounts for eligible individuals as an alternative to retirement plan contributions. It ensures that these contributions...

    Simple Explanation

    S. 4911 wants to let companies put money into special savings accounts called ABLE accounts to help people with disabilities, instead of just putting money into retirement plans. This bill makes sure that doing this is okay with tax rules and tries to keep it fair for everyone working at the company.

  • S. 616 — To amend title 36, United States Code, to revise the Federal charter for the Foundation of the Federal Bar Association.
    Status:Introduced in Senate
    Words:1,117

    The bill S. 616 seeks to amend title 36 of the United States Code to update the Federal charter for the Foundation of the Federal Bar Association. It removes certain subsections and reorganizes others, changes the rules around membership eligibility, and defines the...

    Simple Explanation

    The bill S. 616 wants to change some rules for a group of lawyers to make sure they play fair, don't play favorites, and stick to the rules about money and politics. It also talks about where they can set up their main office and makes sure they follow some important money rules.