HR 2205 · 110th Congress 2007–2009, ended

Retirement Security for Life Act of 2007

Introduced May 8, 2007 Originated House Sponsor Stephanie Tubbs Jones D-OH

Fact sheet

Latest action · May 8, 2007 Referred to the House Committee on Ways and Means.

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.

  1. IntroducedMay 8, 2007
  2. Passed HouseNot reached
  3. Passed SenateNot reached
  4. To the PresidentNot reached
  5. Became lawNot reached

Summary

Retirement Security for Life Act of 2007 - Amends the Internal Revenue Code to allow an exclusion from gross income for 50 percent of the amount otherwise includible in gross income as guaranteed payments from certain annuity or life insurance contracts. Limits the amount of such exclusion to $20,000 in any taxable year. Provides for an inflation adjustment of the $20,000 limitation beginning in 2009.

Cosponsors 79

Members who signed on, in the order they did. Signatures ran from May 8, 2007 to Oct 3, 2008, with 29 there on the day it was introduced.

SeatCosponsorSigned on
D-PAAllyson Y. SchwartzOriginalMay 8, 2007
D-ALArtur DavisOriginalMay 8, 2007
D-TNBart GordonOriginalMay 8, 2007
D-CTChristopher MurphyOriginalMay 8, 2007
R-CTChristopher ShaysOriginalMay 8, 2007
R-INDan BurtonOriginalMay 8, 2007
R-OHDeborah PryceOriginalMay 8, 2007
R-VAEric CantorOriginalMay 8, 2007
R-FLGinny Brown-WaiteOriginalMay 8, 2007
R-FLIleana Ros-LehtinenOriginalMay 8, 2007
R-PAJim GerlachOriginalMay 8, 2007
R-MNJim RamstadOriginalMay 8, 2007
D-CTJoe CourtneyOriginalMay 8, 2007
D-CTJohn B. LarsonOriginalMay 8, 2007
R-NVJon C. PorterOriginalMay 8, 2007
Show all 79 cosponsors

Actions 2

Everything that happened, newest first.

  1. May 8, 2007Introduced in House
  2. May 8, 2007Referred to the House Committee on Ways and Means.

Related bills 1

Companion bills and other measures the record links to this one.

BillTitleRelationshipLatest action
S 1010Retirement Security for Life Act of 2007Related billMar 28, 2007

Subjects

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

Text 1

Each version as it was printed, newest first.

  1. May 8, 2007Introduced in House

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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.