US HB3653 | 2017-2018 | 115th Congress

Status

Spectrum: Partisan Bill (Democrat 3-0)
Status: Introduced on August 15 2017 - 25% progression, died in committee
Action: 2017-08-15 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]

Summary

Making Your Retirement Accessible Act 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.

Tracking Information

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Title

Making Your Retirement Accessible Act MyRA Act

Sponsors


History

DateChamberAction
2017-08-15HouseReferred to the House Committee on Ways and Means.
2017-08-15HouseIntroduced in House

Subjects


US Congress State Sources


Bill Comments

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