US Congress House Bill 3136 (Prior Session Legislation)

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Spectrum: Bipartisan Bill
Status: Introduced on June 29 2017 - 25% progression, died in committee
Action: 2017-06-29 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]

Graduate Student Savings Act of 2017 This bill amends the Internal Revenue Code to allow funds paid to an individual to aid in the pursuit of graduate or postdoctoral study or research to be saved in an Individual Retirement Account (IRA). The bill permits the funds to be considered compensation for purposes of current law provisions that limit annual deductible IRA contributions to the lesser of: (1) the deductible amount permitted under current law, or (2) the compensation includible in the individual's gross income for the year.

Graduate Student Savings Act of 2017

Rep. Joseph Kennedy [D-MA]	Rep. Luke Messer [R-IN]	Rep. Edward Royce [R-CA]	Rep. Richard Neal [D-MA]
Rep. Bradley Byrne [R-AL]	Rep. Seth Moulton [D-MA]	Rep. Jim Banks [R-IN]

Date	Chamber	Action
2017-06-29	House	Referred to the House Committee on Ways and Means.
2017-06-29	House	Introduced in House

SB1379 (Related) 2017-06-19 - Read twice and referred to the Committee on Finance.
SB2526 (Related) 2018-03-08 - Read twice and referred to the Committee on Finance.
HB6757 (Related) 2018-09-28 - Received in the Senate and Read twice and referred to the Committee on Finance.
HR1084 (Similar To) 2018-09-27 - Motion to reconsider laid on the table Agreed to without objection.

Type	Source
Summary	https://www.congress.gov/bill/115th-congress/house-bill/3136/all-info
Text	https://www.congress.gov/115/bills/hr3136/BILLS-115hr3136ih.pdf