Rep. Ron Kind, D-Wis., and Rep. Dave Reichert, R-Wash.,...
Rep. Ron Kind, D-Wis., and Rep. Dave Reichert, R-Wash., have introduced a bill that they say will help small businesses structured as S corporations gain access to capital and grow. The S Corporation Modernization Act, HR 1478, would modify tax rules pertaining to S corporations and allow investments in them by IRAs. The bill was referred to the House Ways and Means Committee.
See Section 6 - "(vi) A trust which constitutes an individual retirement account under section 408(a), including one designated as a Roth IRA under section 408A."
See the full text of proposed bill here: http://thomas.loc.gov/cgi-bin/query/z?c112:H.R.1478: