Skip to main content
S 1961 117th Congress Senate Taxation Employee benefits and pensions Income tax deductions Income tax deferral Inflation and prices

IRA Act of 2021

Introduced: June 7, 2021 Introduced by: Kennedy, John Republican · Louisiana See on congress.gov
Sign in to write a letter Sign in to watch
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
Jun 7, 2021
Read twice and referred to the Committee on Finance.
Jun 7, 2021
Introduced in Senate
 Ask about this bill AI · grounded in the bill text

Have a question about what this bill does? Ask in plain English; the answer is drawn from the bill's actual text and official record, and it'll tell you when something isn't in the text rather than guess.

AI answers can be imperfect; always confirm against the full bill text.

 Plain-English summary Congressional Research Service

Increasing Retirement Amount Act of 2021 or the IRA Act of 2021

This bill increases to $12,000 the retirement savings contribution limit for individual taxpayers not participating in an employed-sponsored retirement plan. It also increases the limit on catch-up contributions to retirement plans.

What's happening now June 7, 2021

Read twice and referred to the Committee on Finance.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
Cite this page click to expand
APA
U.S. Congress. (2026). S. 1961: IRA Act of 2021. 117th Congress. Open America. https://openamerica.io/bill/117-S-1961/
MLA
"S. 1961: IRA Act of 2021." 117th Congress, 2026, Open America, https://openamerica.io/bill/117-S-1961/.
Bluebook (legal)
S. 1961, 117th Cong. (2026), https://openamerica.io/bill/117-S-1961/.
Markdown link
[S. 1961: IRA Act of 2021](https://openamerica.io/bill/117-S-1961/)
Report a problem