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HR 9252 117th Congress House Taxation

Advancing Auto-Portability Act of 2022

Introduced: October 28, 2022 Introduced by: Schneider, Bradley Scott Democratic · Illinois See on congress.gov
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This bill died when the 117th Congress ended
It never became law before the 117th Congress (2021–2022) 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 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Oct 28, 2022
Referred to the House Committee on Ways and Means.
Oct 28, 2022
Introduced in House
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 Plain-English summary Congressional Research Service

Advancing Auto-Portability Act of 2022

This bill allows employees to transfer their retirement account upon terminating their employment to a similar account with a new employer. Specifically, it makes such transfers automatic, subject to the right of employees to opt out. It imposes certain requirements upon an automatic portability provider, including a requirement that the provider acknowledge its fiduciary status and provide a notice in advance to an employee whose retirement account is being transferred that contains a description of the automatic portability transaction and any fees charged in connection with the transaction.

This bill also allows an eligible employer a $500 tax credit in the year that an automatic portability arrangement is adopted.

What's happening now October 28, 2022

Referred to the House Committee on Ways and Means.

 Related & companion bills 2
  • S 4406 Identical bill Advancing Auto-Portability Act of 2022
  • S 4808 Related bill EARN Act
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 1
All 1 Republican 1
R
Estes, Ron
Kansas · Oct 28, 2022
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 9252: Advancing Auto-Portability Act of 2022. 117th Congress. Open America. https://openamerica.io/bill/117-HR-9252/
MLA
"H.R. 9252: Advancing Auto-Portability Act of 2022." 117th Congress, 2026, Open America, https://openamerica.io/bill/117-HR-9252/.
Bluebook (legal)
H.R. 9252, 117th Cong. (2026), https://openamerica.io/bill/117-HR-9252/.
Markdown link
[H.R. 9252: Advancing Auto-Portability Act of 2022](https://openamerica.io/bill/117-HR-9252/)
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