Start Saving Sooner Act of 2015
Latest action · Feb 26, 2015 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.
- IntroducedFeb 26, 2015
- Passed HouseNot reached
- Passed SenateNot reached
- To the PresidentNot reached
- Became lawNot reached
Summary
Start Saving Sooner Act of 2015
Amends the Internal Revenue Code to establish a tax-exempt individual retirement account for taxpayers under age 18, to be known as a young savers account. Treats such accounts as Roth individual retirement accounts for income tax purposes. Allows the tax credit for retirement savings for contributions to a young savers account. Directs the Secretary of the Treasury to pay any overpayment of tax that is attributable to the tax credit for retirement savings to the taxpayer's young savers account.
Cosponsors 10
Members who signed on, in the order they did. Signatures ran from Feb 26, 2015 to Feb 1, 2016, with 1 there on the day it was introduced.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| D-WI | Ron Kind | Original | Feb 26, 2015 |
| D-OR | Earl Blumenauer | Mar 16, 2015 | |
| R-TN | John J. Duncan, Jr. | Mar 16, 2015 | |
| R-IL | Rodney Davis | Mar 25, 2015 | |
| R-IN | Luke Messer | Apr 13, 2015 | |
| R-VA | Robert J. Wittman | Apr 13, 2015 | |
| D-MD | John K. Delaney | Apr 14, 2015 | |
| R-NE | Jeff Fortenberry | May 12, 2015 | |
| R-FL | David W. Jolly | Feb 1, 2016 | |
| R-MI | Fred Upton | Feb 1, 2016 |
Actions 2
Everything that happened, newest first.
- Feb 26, 2015Introduced in House
- Feb 26, 2015Referred to the House Committee on Ways and Means.
Subjects
Assigned by the Library of Congress. Policy area: Taxation.
Text 1
Each version as it was printed, newest first.
- Feb 26, 2015Introduced in House
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.