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HR 2167 110th Congress House Taxation Commerce Executive reorganization Government Operations and Politics Income tax Individual retirement accounts Labor and Employment Payroll deductions Small business Tax credits

Automatic IRA Act of 2007

Introduced: May 3, 2007 Introduced by: Neal, Richard E. Democratic · Massachusetts See on congress.gov
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This bill died when the 110th Congress ended
It never became law before the 110th Congress (2007–2008) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 4 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jul 17, 2007
Referred to the Subcommittee on Health, Employment, Labor, and Pensions.
May 4, 2007
Sponsor introductory remarks on measure. (CR E953-954)
May 3, 2007
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.
May 3, 2007
Introduced in House
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 Plain-English summary Congressional Research Service

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.

What's happening now July 17, 2007

Referred to the Subcommittee on Health, Employment, Labor, and Pensions.

 Related & companion bills 1
  • S 1141 Identical bill Automatic IRA Act of 2007
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 3
 Cosponsors 7
All 7 Democratic 6 Republican 1
D
Van Hollen, Chris
Maryland · Apr 14, 2008
 D
Johnson, Henry C. "Hank"
Georgia · Apr 9, 2008
 D
Lofgren, Zoe
California · Oct 10, 2007
 D
Sánchez, Linda T.
California · Oct 2, 2007
 D
McGovern, James P.
Massachusetts · Sep 10, 2007
 R
Issa, Darrell
California · Jun 5, 2007
 D
Larson, John B.
Connecticut · May 3, 2007
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 2167: Automatic IRA Act of 2007. 110th Congress. Open America. https://openamerica.io/bill/110-HR-2167/
MLA
"H.R. 2167: Automatic IRA Act of 2007." 110th Congress, 2026, Open America, https://openamerica.io/bill/110-HR-2167/.
Bluebook (legal)
H.R. 2167, 110th Cong. (2026), https://openamerica.io/bill/110-HR-2167/.
Markdown link
[H.R. 2167: Automatic IRA Act of 2007](https://openamerica.io/bill/110-HR-2167/)
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