To name the Department of Veterans Affairs community-based outpatient clinic in Newton, New Jersey, as the "Anthony 'Tony' J. Gallopo VA Clinic".

House Bill

H.R. 6007

119th Congress

To name the Department of Veterans Affairs community-based outpatient clinic in Newton, New Jersey, as the "Anthony 'Tony' J. Gallopo VA Clinic".

In Committee

Introduced:Nov 10, 2025

Primary Sponsor

Claudia Tenney

Representative

Republican

NY-24

Cosponsors

3

Quick Stats

Policy Area

Taxation

Summary

This bill aims to encourage small businesses with 10 or fewer employees to offer retirement savings plans to their workers. It does this by increasing the tax credit available to these micro-businesses to help cover the costs of setting up a defined contribution pension plan, like a 401(k).

Latest Action

Referred to the House Committee on Ways and Means.

AI Summary

Plain-English explanation of this bill

This bill aims to encourage small businesses with 10 or fewer employees to offer retirement savings plans to their workers. It does this by increasing the tax credit available to these micro-businesses to help cover the costs of setting up a defined contribution pension plan, like a 401(k).

Last updated: 12/29/2025

Official Summary

Congressional Research Service summary

Retirement Investment in Small Employers Act This bill allows an increased start-up tax credit (from $500 to $2,500) for micro-businesses (not more than 10 employees) for the costs of setting up a defined contribution pension plan.

Key Points

Main provisions of the bill

Increases the tax credit for micro-businesses (10 or fewer employees) to set up a defined contribution retirement plan, like a 401(k), from $500 to $2,500
This is intended to make it more affordable for very small businesses to offer retirement savings options to their workers
Supporters argue this could help more Americans, especially those at small companies, save for retirement

How This Impacts Americans

Potential effects on citizens and communities

If this bill becomes law, it would directly benefit small businesses with 10 or fewer employees by reducing the financial burden of setting up a retirement savings plan. This could lead to more of these micro-businesses offering 401(k)s and similar plans, potentially increasing retirement savings access for millions of American workers at small companies.

Policy Areas

Primary Policy Area

Taxation

Scope & Jurisdiction

Jurisdiction Level

federal

Congressional Session

119th Congress

Citation Reference

6007, 119th Congress (2025). "To name the Department of Veterans Affairs community-based outpatient clinic in Newton, New Jersey, as the "Anthony 'Tony' J. Gallopo VA Clinic".". Source: Voter's Right Platform. https://votersright.org/bills/118-hr-6007