US HB30 | 2009-2010 | 111th Congress
Status
Spectrum: Partisan Bill (Republican 19-0)
Status: Introduced on January 6 2009 - 25% progression, died in committee
Action: 2009-01-06 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on January 6 2009 - 25% progression, died in committee
Action: 2009-01-06 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]
Summary
401Kids Family Savings Act of 2009 - Amends the Economic Growth and Tax Relief Reconciliation Act of 2001 to extend through 2015 provisions allowing increased annual contributions to Coverdell education savings accounts. Amends the Internal Revenue Code to: (1) allow tax-free distributions from a Coverdell education savings account for first-time homebuyer expenses; (2) permit rollovers from Coverdell education savings accounts to Roth individual retirement accounts (Roth IRAs); and (3) rename Coverdell education savings accounts as 401Kids Savings Accounts.
Title
401Kids Family Savings Act of 2009
Sponsors
Rep. Spencer Bachus [R-AL] | Rep. Judy Biggert [R-IL] | Rep. John Campbell [R-CA] | Sen. Shelley Capito [R-WV] |
Rep. Charles Dent [R-PA] | Rep. Peter King [R-NY] | Sen. Mark Kirk [R-IL] | Rep. Donald Manzullo [R-IL] |
Rep. Thaddeus McCotter [R-MI] | Rep. Cathy McMorris Rodgers [R-WA] | Rep. Gary Miller [R-CA] | Rep. Ron Paul [R-TX] |
Rep. Joseph Pitts [R-PA] | Rep. Adam Putnam [R-FL] | Rep. Ileana Ros-Lehtinen [R-FL] | Rep. Peter Roskam [R-IL] |
Rep. Pete Sessions [R-TX] | Rep. Michael Turner [R-OH] | Rep. Fred Upton [R-MI] |
History
Date | Chamber | Action |
---|---|---|
2009-01-06 | Referred to the House Committee on Ways and Means. |
Subjects
Employee benefits and pensions
Financial services and investments
Higher education
Housing finance and home ownership
Income tax exclusion
Student aid and college costs
Taxation
Financial services and investments
Higher education
Housing finance and home ownership
Income tax exclusion
Student aid and college costs
Taxation
US Congress State Sources
Type | Source |
---|---|
Summary | https://www.congress.gov/bill/111th-congress/house-bill/30/all-info |
Text | https://www.congress.gov/111/bills/hr30/BILLS-111hr30ih.pdf |