Bill117th CongressFiled Jun 7, 2021Taxation
S. 1961
IRA Act of 2021
Bill journey · stage 2 of 5
Under committee review
FiledFiled
CommitteeComm.
PassedFloor
Both ChambersBoth
Became LawLaw
What it doesSummary introduced in senate (Jun 7, 2021)
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 just happenedJun 7, 2021
Read twice and referred to the Committee on Finance.
Who’s behind it
Sen. Kennedy, John [R-LA](R-LA)Sponsor
1committees2actions4subjects
- Introduced in SenateJun 7, 2021
- Jun 7, 2021IntroReferral
Read twice and referred to the Committee on Finance.
Finance Committee - Jun 7, 2021IntroReferral10000
Introduced in Senate