3.0.0 3653 2023-01-11T13:38:50Z 2023-01-11T13:38:50Z House HR 2017-08-15 115 [Congressional Record Volume 163, Number 136 (Tuesday, August 15, 2017)][Pages H6606-H6607]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. CROWLEY:H.R. 3653.[[Page H6607]]Congress has the power to enact this legislation pursuantto the following:Clause 1, Section 8 of Article 1]]> hswm00 Ways and Means Committee House Standing Referred to 2017-08-15T13:30:11Z 2017-08-15 Referred to the House Committee on Ways and Means. IntroReferral H11100 2 House floor actions hswm00 Ways and Means Committee 2017-08-15 Introduced in House IntroReferral Intro-H 9 Library of Congress 2017-08-15 Introduced in House IntroReferral 1000 9 Library of Congress C001038 Rep. Crowley, Joseph [D-NY-14] JOSEPH CROWLEY D NY 14 N E000288 Rep. Ellison, Keith [D-MN-5] Keith Ellison D MN 5 2017-08-15 True M001137 Rep. Meeks, Gregory W. [D-NY-5] GREGORY MEEKS D NY W. 5 2018-12-20 False Taxation Employee benefits and pensions Sales and excise taxes Securities Tax administration and collection, taxpayers Wages and earnings Taxation 00 2017-08-15 Introduced in House 2017-08-18T18:51:15Z Making Your Retirement Accessible Act or the MyRA Act

This bill amends the Internal Revenue Code to establish an employee retirement option known as a MyRA account. A MyRA account functions as a Roth Individual Retirement Account. An employee who elects to establish a MyRA account may contribute any portion of a tax refund or make automatic payroll contributions to the account.

The funding of MyRA accounts is limited to retirement savings bonds issued by the Department of the Treasury with a specified interest rate and maturity date.

The bill imposes a tax on any employer who fails to comply with the requirement for making direct deposits to a MyRA account of wages designated by an employee.

]]> MyRA Act Display Title MyRA Act Short Titles as Introduced MyRA Act Short Titles as Introduced Making Your Retirement Accessible Act Official Title as Introduced To provide for MyRA accounts, and for other purposes. Introduced in House 2017-08-15T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-115hr3653ih/xml/BILLS-115hr3653ih.xml 2017-08-15 Referred to the House Committee on Ways and Means. 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.