1. Short title This Act may be cited as the Making Your Retirement Accessible Act or the MyRA Act . 2. MyRA Accounts (a) In general Section 408A of the Internal Revenue Code of 1986 is amended by adding at the end the following: (g) MyRA accounts (1) Special rule for contributions from tax refunds A taxpayer may elect to contribute any portion of an overpayment of income tax for a taxable year to a MyRA account. The amount elected under the preceding sentence— (A) shall not exceed the amount allowed as a credit under section 25B for the taxable year, and (B) shall not be treated as qualified retirement contributions for purposes of section 219. (2) Direct deposit The Secretary shall provide for direct deposit of refunds from overpayments of income tax by a taxpayer to the MyRA account of a participant. (3) MyRA account defined For purposes of this subsection, the term MyRA account means a Roth IRA which meets the requirements of section 3106(d) of title 31, United States Code. . (b) MyRA program Section 3106 of title 31, United States Code, is amended by adding at the end the following new subsection: (d) (1) The Secretary shall, in accordance with this subsection, establish and carry out a program of individual savings accounts to be known as MyRA accounts under which the Secretary shall, upon receipt of contributions in cash by or on behalf of a participant, issue retirement savings bonds to the MyRA account of the participant. (2) In carrying out the program under paragraph (1), the Secretary shall— (A) administer a MyRA account for each participant and credit bonds issued to the participant to the MyRA account of the participant, (B) serve as custodian of assets in the program, (C) issue retirement savings bonds described in paragraph (4), and (D) issue to each participant an annual statement relating to the participant’s MyRA account. (3) For purposes of this subsection, the term MyRA account means a Roth IRA (as defined in section 408A of the Internal Revenue Code of 1986) established by the Secretary on