HR 1026 · 107th Congress · Taxation

Increased Individual Retirement Accounts for All Act of 2001

Introduced 2001-03-14· Sponsored by Rep. Moore, Dennis [D-KS-3]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the House Committee on Ways and Means.(2001-03-14)

Plain Language Summary

[AI summary unavailable — showing source text] Increased Individual Retirement Accounts for All Act of 2001 - Amends the Internal Revenue Code to: (1) increase the annual limitation on deductible contributions to individual retirement accounts (IRAs) to $5,000 and provide a cost-of-living adjustment to such amount; (2) provide for increased "catch-up" contributions for individuals aged 50 or older; and (3) until December 31, 2005, allow a nonrefundable credit to certain individuals for elective deferrals and IRA contributions.…

Summarized by Claude AI · Non-partisan · For informational purposes only

Cosponsors (20)

17 Democrats3 Republicans
Rep. Abercrombie, Neil [D-HI-1]HI
Rep. Baird, Brian [D-WA-3]WA
Rep. Baldacci, John Elias [D-ME-2]ME
Rep. Bono, Mary [R-CA-44]CA
Rep. Boswell, Leonard L. [D-IA-3]IA
Rep. Calvert, Ken [R-CA-43]CA
Rep. Capuano, Michael E. [D-MA-8]MA
Rep. Clement, Bob [D-TN-5]TN
Rep. Condit, Gary A. [D-CA-18]CA
Rep. Cramer, Robert E. (Bud), Jr. [D-AL-5]AL
Rep. DeLauro, Rosa L. [D-CT-3]CT
Rep. Dooley, Calvin M. [D-CA-20]CA
Rep. Frost, Martin [D-TX-24]TX
Rep. Green, Gene [D-TX-29]TX
Rep. Hill, Baron P. [D-IN-9]IN
Rep. Hinchey, Maurice D. [D-NY-26]NY
Rep. Holt, Rush [D-NJ-12]NJ
Rep. Honda, Michael M. [D-CA-15]CA
Rep. Hooley, Darlene [D-OR-5]OR
Rep. Hyde, Henry J. [R-IL-6]IL