US HB1652 | 2015-2016 | 114th Congress
Status
Spectrum: Moderate Partisan Bill (Democrat 21-6)
Status: Introduced on March 26 2015 - 25% progression, died in committee
Action: 2015-03-26 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on March 26 2015 - 25% progression, died in committee
Action: 2015-03-26 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]
Summary
SAVINGS Act Save Access to a Valuable Investment Needed to Generate Savings Act of 2015 Directs the Department of the Treasury to: (1) allow individual taxpayers an option to purchase U.S. savings bonds in paper form with a portion or all of a tax refund during the period ending on December 31, 2020; or (2) implement an alternative option that allows for the gifting of U.S. savings bonds, serves the unbanked, and retains the ability to sign-up on the return of tax.
Title
SAVINGS Act Save Access to a Valuable Investment Needed to Generate Savings Act of 2015
Sponsors
| Rep. Matthew Cartwright [D-PA] | Rep. Julia Brownley [D-CA] | Rep. Elijah Cummings [D-MD] | Rep. Keith Ellison [D-MN] |
| Rep. Sheila Jackson-Lee [D-TX] | Rep. Derek Kilmer [D-WA] | Rep. Barbara Lee [D-CA] | Rep. Daniel Lipinski [D-IL] |
| Rep. Richard Neal [D-MA] | Rep. Niki Tsongas [D-MA] | Rep. Walter Jones [R-NC] | Rep. Richard Nolan [D-MN] |
| Rep. Eliot Engel [D-NY] | Rep. Chaka Fattah [D-PA] | Rep. Jared Huffman [D-CA] | Rep. Paul Tonko [D-NY] |
| Rep. Marcy Kaptur [D-OH] | Rep. Janice Schakowsky [D-IL] | Rep. Bruce Poliquin [R-ME] | Rep. Dan Benishek [R-MI] |
| Rep. Daniel Webster [R-FL] | Rep. Ruben Hinojosa [D-TX] | Rep. Bonnie Coleman [D-NJ] | Rep. Jose Serrano [D-NY] |
| Rep. Lynn Jenkins [R-KS] | Rep. Patrick Meehan [R-PA] | Rep. Michael Capuano [D-MA] |
History
| Date | Chamber | Action |
|---|---|---|
| 2015-03-26 | House | Referred to the House Committee on Ways and Means. |
| 2015-03-26 | House | Introduced in House |
Same As/Similar To
SB2478 (Related) 2016-02-02 - Read twice and referred to the Committee on Finance.
Subjects
Financial services and investments
Income tax exclusion
Interest, dividends, interest rates
Securities
State and local taxation
Tax administration and collection, taxpayers
Taxation
Income tax exclusion
Interest, dividends, interest rates
Securities
State and local taxation
Tax administration and collection, taxpayers
Taxation
US Congress State Sources
| Type | Source |
|---|---|
| Summary | https://www.congress.gov/bill/114th-congress/house-bill/1652/all-info |
| Text | https://www.congress.gov/114/bills/hr1652/BILLS-114hr1652ih.pdf |
