US Congress House Bill 2917 (Prior Session Legislation)

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Spectrum: Partisan Bill (Democrat 31-1)
Status: Introduced on August 1 2013 - 25% progression, died in committee
Action: 2013-08-01 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]

Financial Security Credit Act of 2013 - Amends the Internal Revenue Code to allow an income-based tax credit equal to the lesser of $500 or 50% of the total amount deposited or contributed into designated savings products in a taxable year. Defines "designated savings products" as a qualified retirement plan, a qualified tuition plan, a Coverdell education savings account, a U.S. savings bond, a certificate of deposit with a duration of at least 8 months, a savings account, or other savings product considered appropriate by the Secretary of the Treasury. Directs the Internal Revenue Service (IRS) to notify individual taxpayers who may qualify for a savings product tax credit that they have the option of an electronic direct deposit of any portion of their tax refund into a designated savings product.

Financial Security Credit Act of 2013

Rep. Jose Serrano [D-NY]	Rep. Joyce Beatty [D-OH]	Rep. Bruce Braley [D-IA]	Rep. Matthew Cartwright [D-PA]
Rep. Joaquin Castro [D-TX]	Rep. John Conyers [D-MI]	Rep. Rosa DeLauro [D-CT]	Rep. Lloyd Doggett [D-TX]
Rep. Keith Ellison [D-MN]	Rep. Pete Gallego [D-TX]	Rep. Raul Grijalva [D-AZ]	Rep. Luis Gutierrez [D-IL]
Rep. Ruben Hinojosa [D-TX]	Rep. Michael Honda [D-CA]	Rep. Hakeem Jeffries [D-NY]	Rep. Henry Johnson [D-GA]
Rep. David Loebsack [D-IA]	Rep. Michelle Lujan Grisham [D-NM]	Sen. Ben Lujan [D-NM]	Rep. Carolyn Maloney [D-NY]
Rep. Betty McCollum [D-MN]	Rep. Gregory Meeks [D-NY]	Rep. Grace Meng [D-NY]	Rep. Richard Nolan [D-MN]
Rep. Pedro Pierluisi [N-PR]	Rep. Cedric Richmond [D-LA]	Rep. Lucille Roybal-Allard [D-CA]	Rep. Carol Shea-Porter [D-NH]
Rep. Albio Sires [D-NJ]	Rep. Niki Tsongas [D-MA]	Rep. Juan Vargas [D-CA]	Rep. Nydia Velazquez [D-NY]

Date	Chamber	Action
2013-08-01	House	Referred to the House Committee on Ways and Means.

Type	Source
Summary	https://www.congress.gov/bill/113th-congress/house-bill/2917/all-info
Text	https://www.congress.gov/113/bills/hr2917/BILLS-113hr2917ih.pdf