IRA Act of 2021
Summary
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.
Bill status
in committee
1 of 4 stages cleared
Introduction
Jun 2021
Committee Review
Floor Vote
President
Introduced Jun 7, 2021
Last action Jun 7, 2021
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
2
Key actions
0
Committee
1
Jun 7, 2021
Committee
Read twice and referred to the Committee on Finance.
upper
Jun 7, 2021
Introduced
Introduced in Senate
upper
1 primary · 0 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
John Kennedy
RRepublican
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