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- S.1141
S.1141: Automatic IRA Act of 2007
About This Bill
- This bill was introduced in the 110th Congress
- This bill is primarily about taxation
- Introduced April 18, 2007
- Latest Major Action April 18, 2007
Bill Sponsor
Bill Cosponsors
7 (5 Democrats, 3 Republicans)
Bill Summary
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...
(Source: Library of Congress)
Bill Actions
| Date | Description |
|---|---|
|
Read twice and referred to the Committee on Finance.
|
|
| April 18, 2007 |
Introduced in the Senate by Jeff Bingaman (D-N.M.) |