H.R.6722

Automatic IRA Act of 2025 amends the Internal Revenue Code to establish rules for automatic contribution retirement plans and arrangements.

The Automatic IRA Act of 2025 amends the Internal Revenue Code to establish rules for automatic contribution retirement plans and arrangements. It defines an "eligible employer" as one that facilitates an automatic IRA arrangement and did not maintain an eligible employer plan in the preceding three years. The bill imposes a tax on employers who fail to maintain or facilitate automatic contribution plans or arrangements, with exceptions for certain state laws.