HR 7293 · 118th Congress 2023โ€“2025, ended

Automatic IRA Act of 2024

Latest action · Feb 7, 2024 Referred to the House Committee on Ways and Means.

Progress

Where this bill reached, and when. A stage with no date was not reached; one that failed a vote and later carried shows the date it carried.

  1. IntroducedFeb 7, 2024
  2. Passed HouseNot reached
  3. Passed SenateNot reached
  4. To the PresidentNot reached
  5. Became lawNot reached

Cosponsors 2

Members who signed on, in the order they did. Signatures ran from Feb 15, 2024 to Sep 11, 2024.

SeatCosponsorSigned on
D-ILDanny K. DavisFeb 15, 2024
D-NJDonald NorcrossSep 11, 2024

Committees 1

Where it was sent and what each committee and subcommittee did with it, in order.

ChamberCommitteeWhat it did
HouseWays and Means Committee
Referred Feb 7, 2024

Actions 2

Everything that happened, newest first.

  1. Feb 7, 2024Introduced in House
  2. Feb 7, 2024Referred to the House Committee on Ways and Means.

Research

What has been written about this bill: committee reports, cost estimates, the sponsor’s authority statement, printed hearings and the Congressional Research Service’s work.

Constitutional authority

Congress has the power to enact this legislation pursuant to the following: Article 1, Section 8 The single subject of this legislation is: Retirement

The sponsor’s statement, as printed in the Congressional Record, vol. 170, no. 22, February 7, 2024, page H537.

Printed hearings 1

Hearings whose printed record names this bill, newest first: hearings on it, and wider hearings where it came up.

NumberHearingCommitteeHeld
S. Hrg. 118-321TAKING A SERIOUS LOOK AT THE RETIREMENT CRISIS IN AMERICA: WHAT CAN WE DO TO EXPAND DEFINED BENEFIT PENSION PLANS FOR WORKERS?486 pagesHealth, Education, Labor, and Pensions CommitteeFeb 28, 2024

Titles 2

Every title it has carried, official and short, at each stage.

Official Title as Introduced
To amend the Internal Revenue Code of 1986 to provide rules for automatic contribution retirement plans and arrangements.
Short Title(s) as Introduced
Automatic IRA Act of 2024

Subjects

Assigned by the Library of Congress. Policy area: Taxation.

Text 1

Each version as it was printed, newest first.

  1. Feb 7, 2024Introduced in House

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Everything here is as published by Congress: the summary is the Congressional Research Service's, the action wording is the clerks', and the subjects are the Library of Congress's. How far it got is read from the actions themselves, taking the most recent one of each kind, so a bill that failed a vote and later passed is shown as having passed. Records come from this bill on Congress.gov and govinfo.gov; cost estimates are the Congressional Budget Office's, and the hearings are the printed hearings GovInfo publishes, which can appear months after the hearing.