S 335 · 107th Congress 2001–2003, ended

Setting Aside for a Valuable Education (SAVE) Act

Introduced Feb 14, 2001 Originated Senate Sponsor Mitch McConnell R-KY

Latest action · Feb 14, 2001 Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S1418-1419)

Progress

Where this bill reached, and when. A stage with no date was not reached; one that failed a vote and later carried shows the date it carried.

IntroducedFeb 14, 2001
Passed SenateNot reached
Passed HouseNot reached
To the PresidentNot reached
Became lawNot reached

Summary

Setting Aside for a Valuable Education (SAVE) Act - Amends the Internal Revenue Code to: (1) permit private higher educational institutions, in addition to currently permitted State institutions, to establish qualified tuition programs; (2) exclude from gross income program distributions used for qualified higher education expenses; (3) permit an annual rollover to a different tuition program on behalf of the same beneficiary; (4) include first cousins as a qualifying family member; and (5) revise the room and board limitation.

Cosponsors 6

Members who signed on, in the order they did. Signatures ran from Feb 14, 2001 to Feb 27, 2001; 5 are original cosponsors, there from the day it was introduced.

Seat	Cosponsor		Signed on
D-FL	Bob Graham	Original	Feb 14, 2001
R-KY	Jim Bunning	Original	Feb 14, 2001
R-VA	John Warner	Original	Feb 14, 2001
R-OH	Mike DeWine	Original	Feb 14, 2001
R-IN	Richard G. Lugar	Original	Feb 14, 2001
R-MS	Thad Cochran		Feb 27, 2001

Committees 1

Where it was sent and what each committee and subcommittee did with it, in order.

Chamber	Committee	What it did
Senate	Finance Committee	Referred Feb 14, 2001

Actions 3

Everything that happened, newest first.

Feb 14, 2001Introduced in Senate
Feb 14, 2001Sponsor introductory remarks on measure. (CR S1417-1418)
Feb 14, 2001Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S1418-1419)

In the Congressional Record 1

Days the Record’s own index lists this bill, newest first, with the pages and the members it names. Pages starting H are the House, S the Senate, E Extensions of Remarks.

Where	In the Record	Members	Date
Senate	Debate and remarks S1417–S1420Text printed S1418	Bob Graham D-FL, Mitch McConnell R-KY (text)	Feb 14, 2001

Titles 2

Every title it has carried, official and short, at each stage.

Official Title as Introduced: A bill to amend the Internal Revenue Code of 1986 to provide an exclusion from gross income for distributions from qualified State tuition programs which are used to pay education expenses, and for other purposes.
Short Titles as Introduced: Setting Aside for a Valuable Education (SAVE) Act

Subjects

Assigned by the Library of Congress. Policy area: Taxation.

Text 1

Each version as it was printed, newest first.

Feb 14, 2001Introduced in Senate

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Everything here is as published by Congress: the summary is the Congressional Research Service's, the action wording is the clerks', and the subjects are the Library of Congress's. How far it got is read from the actions themselves, taking the most recent one of each kind, so a bill that failed a vote and later passed is shown as having passed. Records come from this bill on Congress.gov and govinfo.gov; cost estimates are the Congressional Budget Office's, and the hearings are the printed hearings GovInfo publishes, which can appear months after the hearing.