US Congress House Bill 4491 (Prior Session Legislation)

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Spectrum: Partisan Bill (Democrat 10-0)
Status: Introduced on February 8 2016 - 25% progression, died in committee
Action: 2016-02-08 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]

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.

Making Your Retirement Accessible Act MyRA Act

Rep. Joseph Crowley [D-NY]	Rep. Keith Ellison [D-MN]	Rep. Michelle Lujan Grisham [D-NM]	Rep. Eleanor Norton [D-DC]
Rep. Alan Grayson [D-FL]	Rep. Charles Rangel [D-NY]	Rep. Jose Serrano [D-NY]	Rep. Ami Bera [D-CA]
Rep. Dina Titus [D-NV]	Rep. Kathleen Rice [D-NY]

Date	Chamber	Action
2016-02-08	House	Referred to the House Committee on Ways and Means.
2016-02-08	House	Sponsor introductory remarks on measure. (CR E131)
2016-02-08	House	Introduced in House

Type	Source
Summary	https://www.congress.gov/bill/114th-congress/house-bill/4491/all-info
Text	https://www.congress.gov/114/bills/hr4491/BILLS-114hr4491ih.pdf