What this bill does
AI plain-language summaryThis bill makes changes to several different areas of federal law. It increases how much money people can put into certain retirement accounts like Roth IRAs and changes rules for some employer retirement plans. The bill creates tougher prison sentences of up to five extra years for human trafficking and sexual coercion crimes that happen near schools. It requires government reports on foreign investment in computer chip manufacturing and foreign ownership of shipping ports. The bill gives extra money to several government departments including Health and Human Services, Agriculture, Defense, and others. It also extends requirements for reporting livestock market information through 2025, changes how often credit union boards must meet, and allows NASA to continue leasing out its facilities through 2033.
Introduced
January 3, 2025
Policy Area
Government Operations and Politics
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