H.R. 6321 · 111th Congress · 2009–2010
K-IRA Act
H.R. 6321 in the 111th Congress (2009–2010) was introduced on Sep 29, 2010, sponsored by Mark S. Critz with 3 co-sponsors.
During the 111th Congress (2009–2010), Barack Obama was president, and Democrats held majorities in both the House and Senate.
- Status
- Introduced
- Introduced
- Sep 29, 2010
- Co-sponsors
- 3
- Policy area
- Taxation
What it does
Kids IRA Act of 2010 or the K-IRA Act - Amends the Internal Revenue Code to establish a tax-exempt individual retirement account for taxpayers under age 26, to be known as a young savers account. Treats such accounts as Roth individual retirement accounts for income tax purposes. Allows an income-based tax deduction for contributions to such accounts, up to $5,000 in any taxable year.
Summary by the nonpartisan Congressional Research Service.
Sponsor
Mark S. Critz (D-PA). Co-sponsors: 2 Democrats, 1 Republican.
Where it stands
- IntroducedSep 29, 2010
- Passed the House—
- Passed the Senate—
- Sent to the President—
- Became law—
Latest action: Referred to the House Committee on Ways and Means. (Sep 29, 2010)
More bills from Mark S. Critz in the 111th Congress
Other Taxation bills in the 111th Congress
- H.R. 4462: To accelerate the income tax benefits for charitable cash contributions for the relief of victims…
- H.R. 4887: TRICARE Affirmation Act
- H.R. 5623: Homebuyer Assistance and Improvement Act of 2010
- H.R. 4213: Unemployment Compensation Extension Act of 2010
- H.R. 1586: Aviation Safety and Investment Act of 2010
- H.R. 5552: Firearms Excise Tax Improvement Act of 2010
- H.R. 4783: Claims Resolution Act of 2010
- H.R. 4994: Medicare and Medicaid Extenders Act of 2010
- H.R. 4337: Regulated Investment Company Modernization Act of 2010
- H.R. 5901: Real Estate Jobs and Investment Act of 2010
Committees
More
From GovInfo bill records, Congressional Research Service summaries, Voteview roll calls and lobbying reports.
Cite or embed this page
Capitol Receipts, “H.R. 6321 (111th Congress): K-IRA Act,” https://www.capitolreceipts.com/bill/111-hr-6321/k-ira-act (accessed 2026-10-14).