Retirement Rollover Flexibility Act
Analysis under review: This bill has generated analysis that may be too generic or incomplete. Clause-level evidence remains available below.
Summary
What This Bill Does
This bill permits direct trustee-to-trustee rollovers from eligible Roth IRAs to designated Roth accounts, including in automatic portability transactions, and updates related basis and holding-period rules.
Who Benefits and How
Retirement savers could move certain Roth IRA balances into designated Roth accounts more easily, including through automatic portability transactions, which could help keep savings in employer plans.
Who Bears the Burden and How
Retirement plan administrators, automatic portability providers, and tax administrators would need to implement the new rollover pathway and its related eligibility and basis rules.
Key Provisions
- Allows direct trustee-to-trustee transfers from eligible Roth IRAs to designated Roth accounts.
- Extends the new rollover pathway to specified automatic portability transactions.
- Defines eligible Roth IRAs and adjusts related basis and holding-period treatment for the receiving designated Roth account.
Evidence Chain:
This summary is generated from the full bill text using AI analysis. Expand "Detailed Analysis" below for identified beneficiaries/burden bearers.
At a Glance
What This Bill Does
This bill permits direct trustee-to-trustee rollovers from eligible Roth IRAs to designated Roth accounts, including in automatic portability transactions, and updates related basis and holding-period rules.
Key Policy Areas
Finance, Tax Policy, Government Administration
Primary Purpose
This bill permits direct trustee-to-trustee rollovers from eligible Roth IRAs to designated Roth accounts, including in automatic portability transactions, and updates related basis and holding-period rules.
Policy Domains
Main Provisions
Identified Gains
Contextual inference, no direct clause citation- Retirement savers seeking easier Roth rollover portability
Contextual inference, no direct clause citation
Identified Costs
Contextual inference, no direct clause citation- Plan administrators, automatic portability providers, and tax administrators implementing the new rollover rules
Contextual inference, no direct clause citation
Sponsors
Legislative Progress
In CommitteeMr. Barrasso (for himself and Mr. Bennet) introduced the following …
Read twice and referred to the Committee on Finance. (text: …
Introduced in Senate
Stakeholder Effects
cui bono?How this legislation distributes effects. Mention counts reflect frequency, not effect magnitude.
Retirement savers able to move qualifying Roth IRA balances into designated Roth accounts more easily
Bill Structure & Actor Mappings
Who is "The Secretary" in each section?
We use a combination of our own taxonomy and classification in addition to large language models to assess meaning and potential beneficiaries. High confidence means strong textual evidence. Always verify with the original bill text.
Learn more about our methodology