Advancing Auto-Portability Act of 2022
Official title: To amend the Internal Revenue Code of 1986 to provide incentives for the use of automatic portability arrangements under defined contribution plans, and for other purposes.
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Referred to the House Committee on Ways and Means.
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.
- Introduced in House Formatted Text PDF Formatted XML
Cite this page
U.S. Congress. (2026). H.R. 9252: Advancing Auto-Portability Act of 2022. 117th Congress. Open America. https://openamerica.io/bill/117-HR-9252/
"H.R. 9252: Advancing Auto-Portability Act of 2022." 117th Congress, 2026, Open America, https://openamerica.io/bill/117-HR-9252/.
H.R. 9252, 117th Cong. (2026), https://openamerica.io/bill/117-HR-9252/.
[H.R. 9252: Advancing Auto-Portability Act of 2022](https://openamerica.io/bill/117-HR-9252/)