US Congress Senate Bill 195 (Prior Session Legislation)

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Spectrum: Partisan Bill (Republican 3-0)
Status: Introduced on January 20 2015 - 25% progression, died in committee
Action: 2015-01-20 - Read twice and referred to the Committee on Finance.
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]

401(Kids) Education Savings Account Act of 2015 Amends the Internal Revenue Code to: (1) eliminate after 2015 the income-based reduction of contributions to Coverdell education savings accounts, (2) increase the annual contribution limit for such accounts, (3) allow the use of such an account to pay home school expenses and the acquisition costs of a first-time homebuyer, and (4) allow tax-free rollovers of amounts in a Coverdell education savings account to a Roth individual retirement account.

401(Kids) Education Savings Account Act of 2015

Sen. Mark Kirk [R-IL]

Sen. David Vitter [R-LA]

Sen. Pat Toomey [R-PA]

Date	Chamber	Action
2015-01-20	Senate	Read twice and referred to the Committee on Finance.

SR209 (Related) 2015-06-23 - Submitted in the Senate, considered, and agreed to without amendment and with a preamble by Unanimous Consent. (consideration: CR S4554; text as passed Senate: CR S4549-4550)
SB2471 (Related) 2016-01-28 - Read twice and referred to the Committee on Finance.

Type	Source
Summary	https://www.congress.gov/bill/114th-congress/senate-bill/195/all-info
Text	https://www.congress.gov/114/bills/s195/BILLS-114s195is.pdf