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H.R.2167

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Automatic IRA Act of 2007

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.

Other Bill Titles (2 more)

5/3/2007--Introduced.
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 individ... moreSee Full Bill Text

Amendments

This bill has no amendments.



Bill Status

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IntroducedresultVoted on by HouseresultVoted on by SenateresultConsidered By PresidentresultBill Becomes Law
May 03, 2007
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In the News feed

May 04, 2007 AARP Supports Bipartisan Legislation to Give Workers Retirement ...

HR 2167, the Automatic IRA Act of 2007 would allow the nearly 75 million American workers who don't have access to an employer-sponsored retirement plan to ...

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Source: Earthtimes.org


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Blog Coverage feed

June 27, 2008 MAKING OTHERS PAY FOR YOUR GOOD INTENTIONS

Neal, D-Mass., argued that his bill, HR 2167, the Automatic IRA Act of 2007, would be a relatively painless way to boost personal savings. Subcommittee ranking member Phil English, R-Pa., a cosponsor of the bill, attested to its ...

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Source: Roth & Company, PC


June 27, 2008 Congressman Neal: Auto-IRA Plans Make Sense For Millions

One of these vehicles is the Auto-IRA (HR 2167), a bipartisan bill that I have sponsored along with my colleague Rep. Phil English (R-PA). With 75 million workers with no access to a workplace retirement plan, and only 10% of these ...

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Source: ShAARP Session


June 26, 2008 Ways and Means Committee to Discuss IRAs

Today's hearing will likely focus most particularly on HR 2167, the Automatic IRA Act of 2007, a bill introduced by subcommittee Chair Richard Neal (D-MA). The Neal bill, which closely mirrors the Iwry proposal, would require employers ...

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Source: Benefits Biz Blog


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