US Congress House Bill 2021 (Prior Session Legislation)

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Sponsorship: Partisan Bill (Republican 37)
Status: Introduced on April 22 2009 - 25% progression, died in committee
Action: 2009-05-21 - Referred to the Subcommittee on Health, Employment, Labor, and Pensions.
Pending: House Subcommittee on Health, Employment, Labor, and Pensions Committee
Text: Latest bill text (Introduced) [PDF]

Savings Recovery Act of 2009 - Amends title II (Old Age, Survivors, and Disability Insurance) of the Social Security Act to increase the monthly exempt amount for individuals who have employment income and who have not reached full retirement age between 2008 and 2010. Amends the Internal Revenue Code to: (1) exclude from the gross income of noncorporate taxpayers in 2009 and 2010 dividend income and gain from the sale or exchange of capital assets; (2) increase the limit on the tax deduction for losses from the sale or exchange of capital assets; (3) allow a tax credit for contributions to a qualified tuition program; (4) eliminate the marriage penalty in income limitations for individual retirement account (IRA) contributions; (5) increase the dollar limitation on contributions, including catch-up contributions, to IRAs; and (6) extend through 2012 the suspension of of minimum withdrawal requirements from pension plans. Amends the Employee Retirement Income Security Act of 1974 (ERISA) to provide special rules in 2009 and 2010 for valuation of assets in defined benefit pension plans.

Savings Recovery Act of 2009

Rep. Michele Bachmann [R-MN]	Sen. Roy Blunt [R-MO]	Rep. John Boehner [R-OH]	Rep. Mary Bono Mack [R-CA]
Rep. Dan Burton [R-IN]	Rep. Ken Calvert [R-CA]	Rep. Dave Camp [R-MI]	Rep. Eric Cantor [R-VA]
Rep. John Carter [R-TX]	Sen. Bill Cassidy [R-LA]	Rep. Mario Diaz-Balart [R-FL]	Rep. David Dreier [R-CA]
Rep. Bob Goodlatte [R-VA]	Rep. Brett Guthrie [R-KY]	Rep. Doc Hastings [R-WA]	Sen. Dean Heller [R-NV]
Rep. Wally Herger [R-CA]	Rep. Lynn Jenkins [R-KS]	Rep. Sam Johnson [R-TX]	Rep. John Kline [R-MN]
Rep. Robert Latta [R-OH]	Rep. Christopher Lee [R-NY]	Rep. Donald Manzullo [R-IL]	Rep. Kevin McCarthy [R-CA]
Rep. Thaddeus McCotter [R-MI]	Rep. Howard McKeon [R-CA]	Rep. Randy Neugebauer [R-TX]	Rep. Pete Olson [R-TX]
Rep. Ron Paul [R-TX]	Rep. Erik Paulsen [R-MN]	Rep. Mike Pence [R-IN]	Rep. Denny Rehberg [R-MT]
Rep. Edward Royce [R-CA]	Rep. Pete Sessions [R-TX]	Rep. Michael Simpson [R-ID]	Rep. Adrian Smith [R-NE]
Rep. Patrick Tiberi [R-OH]

Date	Chamber	Action
2009-05-21		Referred to the Subcommittee on Health, Employment, Labor, and Pensions.
2009-05-21		Referred to the Subcommittee on Higher Education, Lifelong Learning, and Competitiveness.
2009-04-22		Referred to House Education and Labor
2009-04-22		Referred to House Ways and Means
2009-04-22		Referred to the Committee on Ways and Means, and in addition to the Committee on Education and Labor, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

Type	Source
Summary	https://www.congress.gov/bill/111th-congress/house-bill/2021/all-info
Text	https://www.congress.gov/111/bills/hr2021/BILLS-111hr2021ih.pdf