US Congress House Bill 1125 (Prior Session Legislation)

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Spectrum: Slight Partisan Bill (Republican 8-3)
Status: Introduced on February 26 2015 - 25% progression, died in committee
Action: 2015-02-26 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]

Start Saving Sooner Act of 2015 Amends the Internal Revenue Code to establish a tax-exempt individual retirement account for taxpayers under age 18, to be known as a young savers account. Treats such accounts as Roth individual retirement accounts for income tax purposes. Allows the tax credit for retirement savings for contributions to a young savers account. Directs the Secretary of the Treasury to pay any overpayment of tax that is attributable to the tax credit for retirement savings to the taxpayer's young savers account.

Start Saving Sooner Act of 2015

Rep. Richard Hanna [R-NY]	Rep. Ron Kind [D-WI]	Rep. John Duncan [R-TN]	Rep. Earl Blumenauer [D-OR]
Rep. Rodney Davis [R-IL]	Rep. Robert Wittman [R-VA]	Rep. Luke Messer [R-IN]	Rep. John Delaney [D-MD]
Rep. Jeff Fortenberry [R-NE]	Rep. David Jolly [R-FL]	Rep. Fred Upton [R-MI]

Date	Chamber	Action
2015-02-26	House	Referred to the House Committee on Ways and Means.
2015-02-26	House	Introduced in House

Type	Source
Summary	https://www.congress.gov/bill/114th-congress/house-bill/1125/all-info
Text	https://www.congress.gov/114/bills/hr1125/BILLS-114hr1125ih.pdf