The purpose of this legislation, known as the Retirement Investment in Small Employers Act or RISE Act, is to encourage small businesses to establish pension plans for their employees. It aims to make it easier and more financially feasible for small employers, particularly microemployers, to offer retirement benefits. One of the key provisions of the Act is the introduction of a startup credit specifically for microemployers. This credit allows qualifying small businesses to receive a tax credit equal to 100 percent of their startup costs for establishing a pension plan, up to $2,500.