{"database": "openregs", "table": "legislation", "rows": [["104-s-2176", 104, "s", 2176, "Personal Investment Plan Act of 1996", "Social Welfare", "1996-09-30", "1996-09-30", "Read twice and referred to the Committee on Finance.", "Senate", "Sen. Kerrey, J. Robert [D-NE]", "NE", "D", "K000146", 1, "Personal Investment Plan Act of 1996 - Amends the Internal Revenue Code and title II (Old Age, Survivors and Disability Insurance) (OASDI) of the Social Security Act to require covered employers to have a plan for withholding certain contributions from the wages of their eligible employees electing to participate for investment according to the individual employee's personal investment plan. Defines personal investment plan as:  (1) any personal investment retirement plan restricted to certain contribution deposits in the Personal Investment Fund, hereby established in the Treasury; or (2) any individual retirement plan restricted to certain contribution deposits and administered or issued by a bank or other specified person.  Establishes in the Social Security Administration a Personal Investment Fund Board to govern the Personal Investment Fund under a system similar to the Thrift Savings Program for Federal employees. Covers self-employed individuals. Specifies reduced social security tax rates for participating employees and self-employed individuals. Sets forth civil penalties for employers who fail to establish a personal investment payroll deduction plan or observe certain requirements with respect to it. Prescribes adjustments to primary insurance amounts under the OASDI program.", "2025-08-21T20:16:03Z", null]], "columns": ["bill_id", "congress", "bill_type", "bill_number", "title", "policy_area", "introduced_date", "latest_action_date", "latest_action_text", "origin_chamber", "sponsor_name", "sponsor_state", "sponsor_party", "sponsor_bioguide_id", "cosponsor_count", "summary_text", "update_date", "url"], "primary_keys": ["bill_id"], "primary_key_values": ["104-s-2176"], "units": {}, "query_ms": 0.48349809367209673, "source": "Federal Register API & Regulations.gov API", "source_url": "https://www.federalregister.gov/developers/api/v1", "license": "Public Domain (U.S. Government data)", "license_url": "https://www.regulations.gov/faq"}