S. 1141 - Automatic IRA Act of 2007

Taxation. 110th Congress (2007-2008) View bill details
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
scale for bar graph of contributions

Contributions

  1. January - February 2003 For $9,250 Against $0
  2. March - April 2003 For $28,750 Against $0
  3. May - June 2003 For $25,750 Against $0
  4. July - August 2003 For $15,450 Against $0
  5. September - October 2003 For $23,850 Against $0
  6. November - December 2003 For $23,550 Against $0
  7. January - February 2004 For $24,450 Against $0
  8. March - April 2004 For $43,650 Against $0
  9. May - June 2004 For $48,000 Against $0
  10. July - August 2004 For $35,000 Against $0
  11. September - October 2004 For $78,700 Against $0
  12. November - December 2004 For $2,444 Against $0
  13. January - February 2005 For $34,650 Against $0
  14. March - April 2005 For $62,900 Against $0
  15. May - June 2005 For $60,390 Against $0
  16. July - August 2005 For $47,570 Against $0
  17. September - October 2005 For $40,155 Against $0
  18. November - December 2005 For $55,450 Against $0
  19. January - February 2006 For $16,100 Against $0
  20. March - April 2006 For $58,806 Against $0
  21. May - June 2006 For $46,105 Against $0
  22. July - August 2006 For $37,150 Against $0
  23. September - October 2006 For $86,700 Against $0
  24. November - December 2006 For $24,900 Against $0
  25. January - February 2007 For $11,850 Against $0
  26. March - April 2007 For $49,650 Against $0
  27. May - June 2007 For $74,037 Against $0
  28. July - August 2007 For $42,088 Against $0
  29. September - October 2007 For $40,000 Against $0
  30. November - December 2007 For $24,600 Against $0
  31. January - February 2008 For $15,100 Against $0
  32. March - April 2008 For $24,250 Against $0
  33. May - June 2008 For $23,300 Against $0
  34. July - August 2008 For $41,055 Against $0
  35. September - October 2008 For $29,050 Against $0
  36. November - December 2008 For $13,250 Against $0

Votes

    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
    Daniel K. AkakaDHI$6,500$0
    Andrew Lamar AlexanderRTN$22,900$0
    Alan Wayne AllardRCO$0$0
    Max BaucusDMT$8,050$0
    Birch "Evan" BayhDIN$6,700$0
    Bob BennettRUT$0$0
    Joe BidenDDE$2,300$0
    Jesse "Jeff" BingamanDNM$12,250$0
    Christopher "Kit" BondRMO$6,000$0
    Barbara BoxerDCA$26,350$0
    Sherrod BrownDOH$34,100$0
    Sam BrownbackRKS$2,350$0
    Jim BunningRKY$500$0
    Richard BurrRNC$6,000$0
    Robert ByrdDWV$15,700$0
    Maria CantwellDWA$34,850$0
    Ben CardinDMD$23,400$0
    Tom CarperDDE$2,400$0
    Bob CaseyDPA$9,500$0
    Clarence Saxby ChamblissRGA$5,100$0
    Hillary ClintonDNY$129,721$0
    Tom CoburnROK$4,250$0
    William Thad CochranRMS$1,500$0
    Norm ColemanRMN$19,180$0
    Susan CollinsRME$2,400$0
    Gaylord Kent ConradDND$3,600$0
    Bob CorkerRTN$10,200$0
    John CornynRTX$26,375$0
    Larry CraigRID$500$0
    Mike CrapoRID$0$0
    Jim DeMintRSC$4,000$0
    Chris DoddDCT$15,900$0
    Mary Elizabeth DoleRNC$30,400$0
    Pete DomeniciRNM$0$0
    Byron DorganDND$9,250$0
    Dick DurbinDIL$9,500$0
    John EnsignRNV$6,900$0
    Mike EnziRWY$0$0
    Russ FeingoldDWI$14,750$0
    Dianne FeinsteinDCA$11,000$0
    Lindsey GrahamRSC$1,250$0
    Chuck GrassleyRIA$0$0
    Judd GreggRNH$1,000$0
    Chuck HagelRNE$2,750$0
    Tom HarkinDIA$57,600$0
    Orrin HatchRUT$3,500$0
    Kay Bailey HutchisonRTX$5,000$0
    Jim InhofeROK$11,100$0
    Dan InouyeDHI$6,000$0
    Johnny IsaksonRGA$11,600$0
    Tim JohnsonDSD$6,850$0
    Ted KennedyDMA$23,350$0
    John KerryDMA$8,450$0
    Amy KlobucharDMN$12,700$0
    Herb KohlDWI$0$0
    Jon KylRAZ$13,700$0
    Mary LandrieuDLA$19,900$0
    Frank LautenbergDNJ$19,637$0
    Patrick LeahyDVT$7,500$0
    Carl LevinDMI$29,200$0
    Joe LiebermanICT$26,400$0
    Blanche LincolnDAR$9,750$0
    Chester Trent LottRMS$0$0
    Dick LugarRIN$11,000$0
    Mel MartinezRFL$12,550$0
    John McCainRAZ$9,000$0
    Claire McCaskillDMO$23,600$0
    Addison "Mitch" McConnellRKY$16,100$0
    Bob MenéndezDNJ$4,000$0
    Barbara MikulskiDMD$4,750$0
    Lisa MurkowskiRAK$3,000$0
    Patty MurrayDWA$23,950$0
    Earl "Ben" NelsonDNE$10,900$0
    Clarence "Bill" NelsonDFL$15,250$0
    Barack ObamaDIL$45,350$0
    Mark PryorDAR$14,388$0
    John "Jack" ReedDRI$8,500$0
    Harry ReidDNV$8,000$0
    Charles "Pat" RobertsRKS$4,550$0
    John "Jay" RockefellerDWV$11,750$0
    Ken SalazarDCO$62,050$0
    Bernie SandersIVT$20,950$0
    Chuck SchumerDNY$15,000$0
    Jeff SessionsRAL$0$0
    Richard ShelbyRAL$4,000$0
    Gordon SmithROR$4,750$0
    Olympia SnoweRME$4,550$0
    Arlen SpecterDPA$52,600$0
    Debbie StabenowDMI$28,055$0
    Ted StevensRAK$1,000$0
    John SununuRNH$11,400$0
    Jon TesterDMT$14,950$0
    Craig ThomasRWY$0$0
    John ThuneRSD$16,444$0
    David VitterRLA$9,500$0
    George VoinovichROH$20,100$0
    John WarnerRVA$0$0
    Jim WebbDVA$12,600$0
    Sheldon WhitehouseDRI$6,500$0
    Ron WydenDOR$5,250$0

    Add Data Filters:

    Legislator Filters
    Legislator Filters
    Show All
    NamePartyState$ From Interest Groups
    That Supported
    $ From Interest Groups
    That Opposed
    Daniel K. AkakaDHI$6,500$0
    Andrew Lamar AlexanderRTN$22,900$0
    Alan Wayne AllardRCO$0$0
    Max BaucusDMT$8,050$0
    Birch "Evan" BayhDIN$6,700$0
    Bob BennettRUT$0$0
    Joe BidenDDE$2,300$0
    Jesse "Jeff" BingamanDNM$12,250$0
    Christopher "Kit" BondRMO$6,000$0
    Barbara BoxerDCA$26,350$0
    Sherrod BrownDOH$34,100$0
    Sam BrownbackRKS$2,350$0
    Jim BunningRKY$500$0
    Richard BurrRNC$6,000$0
    Robert ByrdDWV$15,700$0
    Maria CantwellDWA$34,850$0
    Ben CardinDMD$23,400$0
    Tom CarperDDE$2,400$0
    Bob CaseyDPA$9,500$0
    Clarence Saxby ChamblissRGA$5,100$0
    Hillary ClintonDNY$129,721$0
    Tom CoburnROK$4,250$0
    William Thad CochranRMS$1,500$0
    Norm ColemanRMN$19,180$0
    Susan CollinsRME$2,400$0
    Gaylord Kent ConradDND$3,600$0
    Bob CorkerRTN$10,200$0
    John CornynRTX$26,375$0
    Larry CraigRID$500$0
    Mike CrapoRID$0$0
    Jim DeMintRSC$4,000$0
    Chris DoddDCT$15,900$0
    Mary Elizabeth DoleRNC$30,400$0
    Pete DomeniciRNM$0$0
    Byron DorganDND$9,250$0
    Dick DurbinDIL$9,500$0
    John EnsignRNV$6,900$0
    Mike EnziRWY$0$0
    Russ FeingoldDWI$14,750$0
    Dianne FeinsteinDCA$11,000$0
    Lindsey GrahamRSC$1,250$0
    Chuck GrassleyRIA$0$0
    Judd GreggRNH$1,000$0
    Chuck HagelRNE$2,750$0
    Tom HarkinDIA$57,600$0
    Orrin HatchRUT$3,500$0
    Kay Bailey HutchisonRTX$5,000$0
    Jim InhofeROK$11,100$0
    Dan InouyeDHI$6,000$0
    Johnny IsaksonRGA$11,600$0
    Tim JohnsonDSD$6,850$0
    Ted KennedyDMA$23,350$0
    John KerryDMA$8,450$0
    Amy KlobucharDMN$12,700$0
    Herb KohlDWI$0$0
    Jon KylRAZ$13,700$0
    Mary LandrieuDLA$19,900$0
    Frank LautenbergDNJ$19,637$0
    Patrick LeahyDVT$7,500$0
    Carl LevinDMI$29,200$0
    Joe LiebermanICT$26,400$0
    Blanche LincolnDAR$9,750$0
    Chester Trent LottRMS$0$0
    Dick LugarRIN$11,000$0
    Mel MartinezRFL$12,550$0
    John McCainRAZ$9,000$0
    Claire McCaskillDMO$23,600$0
    Addison "Mitch" McConnellRKY$16,100$0
    Bob MenéndezDNJ$4,000$0
    Barbara MikulskiDMD$4,750$0
    Lisa MurkowskiRAK$3,000$0
    Patty MurrayDWA$23,950$0
    Earl "Ben" NelsonDNE$10,900$0
    Clarence "Bill" NelsonDFL$15,250$0
    Barack ObamaDIL$45,350$0
    Mark PryorDAR$14,388$0
    John "Jack" ReedDRI$8,500$0
    Harry ReidDNV$8,000$0
    Charles "Pat" RobertsRKS$4,550$0
    John "Jay" RockefellerDWV$11,750$0
    Ken SalazarDCO$62,050$0
    Bernie SandersIVT$20,950$0
    Chuck SchumerDNY$15,000$0
    Jeff SessionsRAL$0$0
    Richard ShelbyRAL$4,000$0
    Gordon SmithROR$4,750$0
    Olympia SnoweRME$4,550$0
    Arlen SpecterDPA$52,600$0
    Debbie StabenowDMI$28,055$0
    Ted StevensRAK$1,000$0
    John SununuRNH$11,400$0
    Jon TesterDMT$14,950$0
    Craig ThomasRWY$0$0
    John ThuneRSD$16,444$0
    David VitterRLA$9,500$0
    George VoinovichROH$20,100$0
    John WarnerRVA$0$0
    Jim WebbDVA$12,600$0
    Sheldon WhitehouseDRI$6,500$0
    Ron WydenDOR$5,250$0

    Interest Groups that supported this bill

    $ Donated
    Non-profit foundations$1,317,950

    Interest Groups that opposed this bill

    $ Donated
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