3.0.0 2167 2023-01-11T15:47:58Z 2023-01-11T15:47:58Z House H HR 2007-05-03 110 hsed00 Education and the Workforce Committee House Standing hsed02 Health, Employment, Labor, and Pensions Subcommittee Referred to 2007-07-17T20:25:17Z Referred to 2007-05-03T14:07:20Z hswm00 Ways and Means Committee House Standing Referred to 2007-05-03T14:07:15Z Automatic IRA Act of 2007 110 1141 S 2007-04-18 Read twice and referred to the Committee on Finance. Identical bill CRS 2007-07-17 hsed02 Health, Employment, Labor, and Pensions Subcommittee 1 House committee actions Referred to the Subcommittee on Health, Employment, Labor, and Pensions. Committee 2007-05-04 Sponsor introductory remarks on measure. (CR E953-954) IntroReferral B00100 9 Library of Congress 2007-05-03 Referred to the Committee on Ways and Means, and in addition to the Committee on Education and Labor, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. IntroReferral H11100 2 House floor actions hsed00 Education and the Workforce Committee 2007-05-03 Referred to the Committee on Ways and Means, and in addition to the Committee on Education and Labor, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. IntroReferral H11100-A 9 Library of Congress 2007-05-03 Referred to the Committee on Ways and Means, and in addition to the Committee on Education and Labor, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. IntroReferral H11100 2 House floor actions hswm00 Ways and Means Committee 2007-05-03 Introduced in House IntroReferral Intro-H 9 Library of Congress 2007-05-03 Introduced in House IntroReferral 1000 9 Library of Congress N000015 Rep. Neal, Richard E. [D-MA-2] RICHARD NEAL D MA E. 2 N E000187 Rep. English, Phil [R-PA-3] PHIL ENGLISH R PA 3 2007-05-03 True E000287 Rep. Emanuel, Rahm [D-IL-5] Rahm Emanuel D IL 5 2007-05-03 True L000557 Rep. Larson, John B. [D-CT-1] JOHN LARSON D CT B. 1 2007-05-03 True S001162 Rep. Schwartz, Allyson Y. [D-PA-13] Allyson Schwartz D PA Y. 13 2007-05-03 True L000563 Rep. Lipinski, Daniel [D-IL-3] Daniel Lipinski D IL William 3 2007-05-09 False D000602 Rep. Davis, Artur [D-AL-7] Artur Davis D AL 7 2007-05-10 False M000309 Rep. McCarthy, Carolyn [D-NY-4] CAROLYN MCCARTHY D NY 4 2007-05-24 False I000056 Rep. Issa, Darrell E. [R-CA-49] DARRELL ISSA R CA E. 49 2007-06-05 False H001043 Rep. Hodes, Paul W. [D-NH-2] Paul Hodes D NH W. 2 2007-06-26 False F000452 Resident Commissioner Fortuno, Luis G. [R-PR-At Large] Luis Fortuno R PR G. 0 2007-07-11 False B000574 Rep. Blumenauer, Earl [D-OR-3] EARL BLUMENAUER D OR 3 2007-07-27 False M000404 Rep. McDermott, Jim [D-WA-7] JIM MCDERMOTT D WA 7 2007-09-10 False M000312 Rep. McGovern, James P. [D-MA-3] JAMES MCGOVERN D MA P. 3 2007-09-10 False A000014 Rep. Abercrombie, Neil [D-HI-1] NEIL ABERCROMBIE D HI 1 2007-09-24 False S001156 Rep. Sánchez, Linda T. [D-CA-39] Linda Sánchez D CA T. 39 2007-10-02 False L000397 Rep. Lofgren, Zoe [D-CA-16] ZOE LOFGREN D CA 16 2007-10-10 False M000087 Rep. Maloney, Carolyn B. [D-NY-14] CAROLYN MALONEY D NY B. 14 2007-10-17 False J000126 Rep. Johnson, Eddie Bernice [D-TX-30] EDDIE JOHNSON D TX BERNICE 30 2007-11-07 False B001229 Rep. Baird, Brian [D-WA-3] BRIAN BAIRD D WA 3 2008-01-28 False J000288 Rep. Johnson, Henry C. "Hank," Jr. [D-GA-4] Henry Johnson D GA C. "Hank" 4 2008-04-09 False V000128 Rep. Van Hollen, Chris [D-MD-8] Chris Van Hollen D MD 8 2008-04-14 False L000287 Rep. Lewis, John [D-GA-5] JOHN LEWIS D GA 5 2008-04-29 False A000362 Rep. Altmire, Jason [D-PA-4] Jason Altmire D PA 4 2008-06-26 False C001038 Rep. Crowley, Joseph [D-NY-7] JOSEPH CROWLEY D NY 7 2008-06-26 False F000447 Rep. Feeney, Tom [R-FL-24] Tom Feeney R FL 24 2008-07-09 False D000299 Rep. Diaz-Balart, Lincoln [R-FL-21] LINCOLN DIAZ-BALART R FL 21 2008-09-09 False Taxation Commerce Executive reorganization Government Operations and Politics Income tax Individual retirement accounts Labor and Employment Payroll deductions Small business Tax credits Taxation 00 2007-05-03 Introduced in House 2007-06-01T19:14:24Z Automatic IRA Act of 2007 - Amends the Internal Revenue Code to: (1) require certain small employers who do not offer qualified retirement plans or arrangements to their employees to allow eligible employees to participate in a payroll deposit individual retirement account (IRA) arrangement (automatic IRAs); (2) allow employers who do not have more than 100 employees a tax credit for costs associated with establishing a payroll deposit IRA arrangement; and (3) treat automatic IRAs as individual retirement accounts (and as Roth IRAs) for income tax purposes.

Establishes in the executive branch the TSP II Board to establish policies and procedures relating to payroll deposit IRA arrangements.

]]> Automatic IRA Act of 2007 Display Title Automatic IRA Act of 2007 Official Title as Introduced To amend the Internal Revenue Code of 1986 to allow employees not covered by qualified retirement plans to save for retirement through automatic payroll deposit IRAs, to facilitate similar saving by the self-employed, and for other purposes. Introduced in House IH Short Titles as Introduced Automatic IRA Act of 2007 Introduced in House 2007-05-03T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-110hr2167ih/xml/BILLS-110hr2167ih.xml 2007-07-17 Referred to the Subcommittee on Health, Employment, Labor, and Pensions. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.