US SB3352

Amends the Internal Revenue Code to allow direct trustee-to-trustee rollovers from Roth IRAs to designated Roth accounts (employer-sponsored Roth 401(k) plans)

Limits eligible Roth IRAs to those that are the individual's only Roth IRA during the taxable year and have a balance not exceeding the automatic portability threshold

Permits automatic portability transactions, allowing small retirement account balances to be automatically transferred between plans when workers change jobs

Treats the full amount of any Roth IRA rollover contribution to a designated Roth account as investment in the contract, preserving the tax-free treatment of previously contributed funds

Takes effect for amounts paid or distributed after the date of enactment