Automatic IRA Act of 2024

[AI summary unavailable — showing source text] [Congressional Bills 118th Congress] [From the U.S. Government Publishing Office] [H.R. 7293 Introduced in House (IH)] <DOC> 118th CONGRESS 2d Session H. R. 7293 To amend the Internal Revenue Code of 1986 to provide rules for automatic contribution retirement plans and arrangements. _______________________________________________________________________ IN THE HOUSE OF REPRESENTATIVES February 7, 2024 Mr. Neal introduced the following bill; which was referred to the Committee on Ways and Means _______________________________________________________________________ A BILL To amend the Internal Revenue Code of 1986 to provide rules for automatic contribution retirement plans and arrangements. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. SHORT TITLE; TABLE OF CONTENTS, ETC. (a) Short Title.--This Act may be cited as the ``Automatic IRA Act of 2024''. (b) Table of Contents.--The table of contents for this Act is as follows: Sec. 1. Short title; table of contents, etc. Sec. 2. Automatic contribution plan or arrangement. Sec. 3. Credit for certain small employer automatic IRA arrangements. Sec. 4. Treatme…