S. 1141 - Automatic IRA Act of 2007

Taxation.
Sponsor:
Summary:
A bill to amend the Internal Revenue Code of 1986 to allow employees not covered by qualified retirement plans to save for retirement through automatic payroll deposit IRAs, to facilitate similar saving by the self-employed, and for other purposes. (by CRS)
Status:
The bill has been introduced.
There have been no votes on this bill.

Automatic IRA Act of 2007

S. 1141 — 110th Congress (2007–2008)

Summary
A bill to amend the Internal Revenue Code of 1986 to allow employees not covered by qualified retirement plans to save for retirement through automatic payroll deposit IRAs, to facilitate similar saving by the self-employed, and for other purposes. (by CRS)
Learn More
at OpenCongress
Title
A bill to amend the Internal Revenue Code of 1986 to allow employees not covered by qualified retirement plans to save for retirement through automatic payroll deposit IRAs, to facilitate similar saving by the self-employed, and for other purposes.
Other Titles
  • Automatic IRA Act of 2007
Sponsor
Jeff Bingaman
Co-Sponsors
Subjects
  • Taxation
  • Business
  • Executive departments
  • Executive reorganization
  • Income tax
  • Individual retirement accounts
  • Payroll deductions
  • Pensions
  • Small business
  • Tax credits
Related Bills
Major Actions
Introduced4/18/2007
Referred to Committee
Bill History

There have been no votes on this bill.

ActionDateDescription
Introduced4/18/2007
4/18/2007Read twice and referred to the Committee on Finance.
NumberSponsorDate OfferedStatus
2 Organizations Supported and 0 Opposed; See Which Ones

Organizations that took a position on
Automatic IRA Act of 2007

2 organizations supported this bill

New America Foundation
(n.d.). Nov 8 2007 Subcommittee on Health, Employment, Labor & Pensions. Retrieved n.d., from .
Retirement Security Project
(n.d.). Nov 8 2007 Subcommittee on Health, Employment, Labor & Pensions. Retrieved n.d., from .

0 organizations opposed this bill

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Includes reported contributions to congressional campaigns of Senators in office during the 110th U.S. Congress, from Non-profit foundations interest groups, January 1, 2003 – December 31, 2008.
Contributions data source: OpenSecrets.org

Contributions By Legislator

Namesort iconPartyState$ From Interest Groups
That Supported
$ From Interest Groups
That Opposed
Akaka, DanielDHI$6,500$0
Alexander, LamarRTN$22,900$0
Allard, WayneRCO$0$0
Barrasso, JohnRWY$0$0
Baucus, MaxDMT$8,050$0
Bayh, EvanDIN$6,700$0
Bennett, RobertRUT$0$0
Biden, JosephDDE$2,300$0
Bingaman, JeffDNM$12,250$0
Bond, ChristopherRMO$6,000$0
Boxer, BarbaraDCA$37,050$0
Brown, SherrodDOH$34,100$0
Brownback, SamuelRKS$2,350$0
Bunning, JimRKY$750$0
Burr, RichardRNC$8,000$0
Byrd, RobertDWV$15,700$0
Cantwell, MariaDWA$34,850$0
Cardin, BenjaminDMD$23,400$0
Carper, ThomasDDE$2,400$0
Casey, RobertDPA$9,500$0
Chambliss, SaxbyRGA$5,100$0
Clinton, HillaryDNY$138,221$0
Coburn, ThomasROK$4,000$0
Cochran, ThadRMS$1,500$0
Coleman, NormRMN$19,180$0
Collins, SusanRME$2,400$0
Conrad, KentDND$3,600$0
Corker, BobRTN$10,200$0
Cornyn, JohnRTX$25,375$0
Craig, LarryRID$500$0
Crapo, MichaelRID$0$0
DeMint, JimRSC$6,000$0
Dodd, ChristopherDCT$17,900$0
Dole, ElizabethRNC$30,400$0
Domenici, PeteRNM$0$0
Dorgan, ByronDND$9,250$0
Durbin, RichardDIL$9,500$0
Ensign, JohnRNV$6,900$0
Enzi, MichaelRWY$0$0
Feingold, RussellDWI$15,750$0
Feinstein, DianneDCA$10,750$0
Graham, LindseyRSC$1,250$0
Grassley, CharlesRIA$0$0
Gregg, JuddRNH$1,000$0
Hagel, CharlesRNE$2,750$0
Harkin, ThomasDIA$57,600$0
Hatch, OrrinRUT$3,500$0
Hutchison, KayRTX$5,000$0
Inhofe, JamesROK$7,000$0
Inouye, DanielDHI$6,000$0
Isakson, JohnRGA$11,600$0
Johnson, TimDSD$6,850$0
Kennedy, EdwardDMA$25,600$0
Kerry, JohnDMA$8,450$0
Klobuchar, AmyDMN$11,700$0
Kohl, HerbertDWI$0$0
Kyl, JonRAZ$13,200$0
Landrieu, MaryDLA$19,900$0
Lautenberg, FrankDNJ$19,637$0
Leahy, PatrickDVT$7,500$0
Levin, CarlDMI$28,700$0
Lieberman, JosephICT$25,900$0
Lincoln, BlancheDAR$9,750$0
Lott, TrentRMS$0$0
Lugar, RichardRIN$10,750$0
Martinez, MelRFL$15,550$0
McCain, JohnRAZ$9,000$0
McCaskill, ClaireDMO$23,600$0
McConnell, MitchRKY$16,100$0
Menéndez, RobertDNJ$4,000$0
Mikulski, BarbaraDMD$6,000$0
Murkowski, LisaRAK$3,000$0
Murray, PattyDWA$41,450$0
Nelson, BenDNE$10,900$0
Nelson, BillDFL$15,250$0
Obama, BarackDIL$60,350$0
Pryor, MarkDAR$14,388$0
Reed, JohnDRI$8,500$0
Reid, HarryDNV$14,000$0
Roberts, PatRKS$4,550$0
Rockefeller, JohnDWV$11,750$0
Salazar, KenDCO$80,800$0
Sanders, BernardIVT$20,950$0
Schumer, CharlesDNY$18,000$0
Sessions, JeffersonRAL$0$0
Shelby, RichardRAL$4,000$0
Smith, GordonROR$4,750$0
Snowe, OlympiaRME$4,550$0
Specter, ArlenDPA$52,100$0
Stabenow, Debbie AnnDMI$29,055$0
Stevens, TedRAK$1,000$0
Sununu, JohnRNH$11,400$0
Tester, JonDMT$14,950$0
Thomas, CraigRWY$0$0
Thune, JohnRSD$19,694$0
Vitter, DavidRLA$12,500$0
Voinovich, GeorgeROH$20,100$0
Warner, JohnRVA$0$0
Webb, JimDVA$12,600$0
Whitehouse, SheldonDRI$6,500$0
Wicker, RogerRMS$500$0
Wyden, RonDOR$7,250$0

Add Data Filters:

Legislator Filters
Legislator Filters
Show All
NamePartyState$ From Interest Groups
That Supported
$ From Interest Groups
That Opposed
Akaka, DanielDHI$6,500$0
Alexander, LamarRTN$22,900$0
Allard, WayneRCO$0$0
Barrasso, JohnRWY$0$0
Baucus, MaxDMT$8,050$0
Bayh, EvanDIN$6,700$0
Bennett, RobertRUT$0$0
Biden, JosephDDE$2,300$0
Bingaman, JeffDNM$12,250$0
Bond, ChristopherRMO$6,000$0
Boxer, BarbaraDCA$37,050$0
Brown, SherrodDOH$34,100$0
Brownback, SamuelRKS$2,350$0
Bunning, JimRKY$750$0
Burr, RichardRNC$8,000$0
Byrd, RobertDWV$15,700$0
Cantwell, MariaDWA$34,850$0
Cardin, BenjaminDMD$23,400$0
Carper, ThomasDDE$2,400$0
Casey, RobertDPA$9,500$0
Chambliss, SaxbyRGA$5,100$0
Clinton, HillaryDNY$138,221$0
Coburn, ThomasROK$4,000$0
Cochran, ThadRMS$1,500$0
Coleman, NormRMN$19,180$0
Collins, SusanRME$2,400$0
Conrad, KentDND$3,600$0
Corker, BobRTN$10,200$0
Cornyn, JohnRTX$25,375$0
Craig, LarryRID$500$0
Crapo, MichaelRID$0$0
DeMint, JimRSC$6,000$0
Dodd, ChristopherDCT$17,900$0
Dole, ElizabethRNC$30,400$0
Domenici, PeteRNM$0$0
Dorgan, ByronDND$9,250$0
Durbin, RichardDIL$9,500$0
Ensign, JohnRNV$6,900$0
Enzi, MichaelRWY$0$0
Feingold, RussellDWI$15,750$0
Feinstein, DianneDCA$10,750$0
Graham, LindseyRSC$1,250$0
Grassley, CharlesRIA$0$0
Gregg, JuddRNH$1,000$0
Hagel, CharlesRNE$2,750$0
Harkin, ThomasDIA$57,600$0
Hatch, OrrinRUT$3,500$0
Hutchison, KayRTX$5,000$0
Inhofe, JamesROK$7,000$0
Inouye, DanielDHI$6,000$0
Isakson, JohnRGA$11,600$0
Johnson, TimDSD$6,850$0
Kennedy, EdwardDMA$25,600$0
Kerry, JohnDMA$8,450$0
Klobuchar, AmyDMN$11,700$0
Kohl, HerbertDWI$0$0
Kyl, JonRAZ$13,200$0
Landrieu, MaryDLA$19,900$0
Lautenberg, FrankDNJ$19,637$0
Leahy, PatrickDVT$7,500$0
Levin, CarlDMI$28,700$0
Lieberman, JosephICT$25,900$0
Lincoln, BlancheDAR$9,750$0
Lott, TrentRMS$0$0
Lugar, RichardRIN$10,750$0
Martinez, MelRFL$15,550$0
McCain, JohnRAZ$9,000$0
McCaskill, ClaireDMO$23,600$0
McConnell, MitchRKY$16,100$0
Menéndez, RobertDNJ$4,000$0
Mikulski, BarbaraDMD$6,000$0
Murkowski, LisaRAK$3,000$0
Murray, PattyDWA$41,450$0
Nelson, BenDNE$10,900$0
Nelson, BillDFL$15,250$0
Obama, BarackDIL$60,350$0
Pryor, MarkDAR$14,388$0
Reed, JohnDRI$8,500$0
Reid, HarryDNV$14,000$0
Roberts, PatRKS$4,550$0
Rockefeller, JohnDWV$11,750$0
Salazar, KenDCO$80,800$0
Sanders, BernardIVT$20,950$0
Schumer, CharlesDNY$18,000$0
Sessions, JeffersonRAL$0$0
Shelby, RichardRAL$4,000$0
Smith, GordonROR$4,750$0
Snowe, OlympiaRME$4,550$0
Specter, ArlenDPA$52,100$0
Stabenow, Debbie AnnDMI$29,055$0
Stevens, TedRAK$1,000$0
Sununu, JohnRNH$11,400$0
Tester, JonDMT$14,950$0
Thomas, CraigRWY$0$0
Thune, JohnRSD$19,694$0
Vitter, DavidRLA$12,500$0
Voinovich, GeorgeROH$20,100$0
Warner, JohnRVA$0$0
Webb, JimDVA$12,600$0
Whitehouse, SheldonDRI$6,500$0
Wicker, RogerRMS$500$0
Wyden, RonDOR$7,250$0

Interest Groups that supported this bill

$ Donated
Non-profit foundations$1,412,050

Interest Groups that opposed this bill

$ Donated
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