Bill · S. 3352· Senate(119-S-3352)
Retirement Rollover Flexibility Act
- Introduced
- 12/4/2025
- Last activity
- 12/4/2025 — Read twice and referred to the Committee on Finance. (text: CR S8512-8513)
- Sponsored by
- John Barrasso
- Cosponsors
- - 0 - 1
- Introduced
- In Committee
What this bill would do
This bill, known as the "Retirement Rollover Flexibility Act," proposes to amend the Internal Revenue Code of 1986. It aims to allow rollover contributions from Roth IRAs to designated Roth accounts. These transfers can occur via direct trustee-to-trustee transfers or through automatic portability transactions. To qualify, the Roth IRA must be the only one maintained for the individual during that taxable year and must meet specific balance limits. The changes regarding how these contributions are treated would take effect after the act is enacted.
Yes· 3 of 4
Would people over 65 be better off under this?+3
The bill increases flexibility for transferring retirement funds into designated Roth accounts.
Would middle-income households be better off under this?+3
The bill provides more options for managing and transferring retirement savings through Roth accounts.
Would high-income households be better off under this?+3
The bill allows for more flexible movement of assets into designated Roth accounts.
The opposite
No question was scored the opposite.
Who it would affect, and how
Potential Positive Impacts for People
-
Increased Flexibility for Roth IRA Holders: The bill allows individuals to move money from an "eligible Roth IRA" directly into a "designated Roth account" through trustee-to-trustee transfers or automatic portability transactions (Section 2(a)(1)).
-
Portability of Retirement Funds: By defining "eligible Roth IRA" to include specific circumstances, the bill provides a mechanism for people to transfer funds into designated Roth accounts (Section 2(a)(2)).
-
Clarification of Investment Treatment: The bill ensures that the total amount of a rollover contribution to a designated Roth account is treated as an "investment in the contract" (Section 2(b)(2)).
Potential Negative Impacts for People
- Restrictions on Eligible Roth IRAs: To use this rollover provision, an individual's Roth IRA must be their only Roth IRA (other than certain specific types) during the taxable year, and the balance cannot exceed the amount described in section 401(a)(31)(B)(ii) (Section 2(a)(2)(i)-(ii)).
Groups and Interests Ranking
Every group the model scored this bill for, from -10 to +10. Hover a score for the reason it gave.
- Demographic And Interest Groups
- Good For High Income Households+3Good For Middle Class Households+3Good For Retirees+3Good For Seniors+3
- 12/4/2025
- Read twice and referred to the Committee on Finance. (text: CR S8512-8513)
- 1 Cosponsor added.
- Introduced in Senate
One bill Congress.gov lists as related to this one — companions in the other chamber, earlier versions, and bills this one absorbed or was folded into.
Michael BennetDemocrat · Colorado