US HB855 | 2017-2018 | 115th Congress
Status
Spectrum: Strong Partisan Bill (Democrat 10-1)
Status: Introduced on February 3 2017 - 25% progression, died in committee
Action: 2017-02-03 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on February 3 2017 - 25% progression, died in committee
Action: 2017-02-03 - 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 2017 This bill directs the Department of the Treasury to allow: (1) an individual taxpayer to use a portion or all of a tax refund to purchase U.S. savings bonds in paper form for the taxpayer or for any individual designated by the taxpayer; or (2) an option for a tax return that allows for the gifting of such bonds and that serves individuals who rarely, if ever, have held a bank account and individuals who lack access to the Internet.
Title
SAVINGS Act Save Access to a Valuable Investment Needed to Generate Savings Act of 2017
Sponsors
Rep. Matthew Cartwright [D-PA] | Rep. Elijah Cummings [D-MD] | Rep. Keith Ellison [D-MN] | Rep. Lynn Jenkins [R-KS] |
Rep. Richard Neal [D-MA] | Rep. Niki Tsongas [D-MA] | Rep. Daniel Lipinski [D-IL] | Rep. Janice Schakowsky [D-IL] |
Rep. Raul Grijalva [D-AZ] | Rep. Derek Kilmer [D-WA] | Rep. Michael Capuano [D-MA] |
History
Date | Chamber | Action |
---|---|---|
2017-02-03 | House | Referred to the House Committee on Ways and Means. |
2017-02-03 | House | Introduced in House |
Same As/Similar To
SB682 (Same As) 2017-03-21 - 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/115th-congress/house-bill/855/all-info |
Text | https://www.congress.gov/115/bills/hr855/BILLS-115hr855ih.pdf |