# 114-hr-3050: To amend the Internal Revenue Code of 1986 to allow rollovers from other retirement plans into simple retirement accounts.

114-hr-3050, To amend the Internal Revenue Code of 1986 to allow rollovers from other retirement plans into simple retirement accounts., is a 114th Congress bill sponsored by Rep. Foxx, Virginia [R-NC-5] (R-NC); status Referred to the House Committee on Ways and Means. (as of 2025-11-18).

- Canonical: https://policyrisk.com/legislation/114-hr-3050
- As of: 2025-11-18
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 114-hr-3050
- Congress: 114
- Title: To amend the Internal Revenue Code of 1986 to allow rollovers from other retirement plans into simple retirement accounts.
- Status: Referred to the House Committee on Ways and Means.
- Introduced: 2015-07-14
- Sponsor: Rep. Foxx, Virginia [R-NC-5] (R-NC)
- Cosponsors: 1
- Policy area: Taxation
- Touches household money: no
- Last recorded action: 2025-11-18

## Summary

Amends the Internal Revenue Code to allow tax-free rollovers from tax-exempt retirement plans, annuities, and deferred compensation plans into a simple individual retirement account.

## Cosponsors (1)

- Rep. Larson, John B. [D-CT-1] (D-CT), 2015-07-14T00:00:00.000Z

## Related bills

- 114-hr-4938: Free File Act of 2016
- 114-hr-4514: Combating BDS Act of 2016
- 114-hr-6248: Spending Safeguard Act
- 114-hr-6094: Regulatory Relief for Small Businesses, Schools, and Nonprofits Act
- 114-hr-5587: Strengthening Career and Technical Education for the 21st Century Act
- 114-hr-5499: Agency Accountability Act of 2016

## Sources
- [114-hr-3050 on Congress.gov](https://www.congress.gov/bill/114th-congress/house-bill/3050)

## Related
- [114-hr-4938: Free File Act of 2016](https://policyrisk.com/legislation/114-hr-4938)
- [114-hr-4514: Combating BDS Act of 2016](https://policyrisk.com/legislation/114-hr-4514)
- [114-hr-6248: Spending Safeguard Act](https://policyrisk.com/legislation/114-hr-6248)
- [114-hr-6094: Regulatory Relief for Small Businesses, Schools, and Nonprofits Act](https://policyrisk.com/legislation/114-hr-6094)
- [114-hr-5587: Strengthening Career and Technical Education for the 21st Century Act](https://policyrisk.com/legislation/114-hr-5587)
- [114-hr-5499: Agency Accountability Act of 2016](https://policyrisk.com/legislation/114-hr-5499)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/114-hr-3050 (as of 2025-11-18).