Save for Success Act
Latest action · Sep 19, 2016 Referred to the Subcommittee on Higher Education and Workforce Training.
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.
- IntroducedMar 23, 2016
- Passed HouseNot reached
- Passed SenateNot reached
- To the PresidentNot reached
- Became lawNot reached
Summary
Save for Success Act
This bill amends the Internal Revenue Code to: (1) modify the American Opportunity Tax Credit to include an increased credit amount for college savings contributions, and (2) direct the Departments of the Treasury and Education to jointly establish a pilot program to make periodic payments of educational expenses for a student as such expenses are incurred during the taxable year.
Treasury shall establish a taxpayer awareness program to inform the public of the availability of the American Opportunity Tax Credit.
Cosponsors 1
Members who signed on, in the order they did. All signed on Apr 29, 2016.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| D-CA | Michael M. Honda | Apr 29, 2016 |
Committees 2
Where it was sent and what each committee and subcommittee did with it, in order.
| Chamber | Committee | What it did |
|---|---|---|
| House | Ways and Means Committee | Referred Mar 23, 2016 |
| House | Education and Workforce Committee | Referred Mar 23, 2016 |
| Higher Education and Workforce Development Subcommittee | Referred Sep 19, 2016 |
Actions 3
Everything that happened, newest first.
- Sep 19, 2016Referred to the Subcommittee on Higher Education and Workforce Training.
- Mar 23, 2016Introduced in House
- Mar 23, 2016Referred to the Committee on Ways and Means, and in addition to the Committee on Education and the Workforce, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Research
What has been written about this bill: committee reports, cost estimates, the sponsor’s authority statement, printed hearings and the Congressional Research Service’s work.
Constitutional authority
The sponsor’s statement, as printed in the Congressional Record, vol. 162, no. 46, March 23, 2016, page H1585.
Related bills 1
Companion bills and other measures the record links to this one.
| Bill | Title | Relationship | Latest action |
|---|---|---|---|
| HR 2378 | Save for Success Act | Reintroduced Bill | May 4, 2017 |
Titles 2
Every title it has carried, official and short, at each stage.
- Official Title as Introduced
- To amend the Internal Revenue Code of 1986 to reform the American opportunity tax credit to support college savings.
- Short Titles as Introduced
- Save for Success Act
Subjects
Assigned by the Library of Congress. Policy area: Taxation.
Text 1
Each version as it was printed, newest first.
- Mar 23, 2016Introduced 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; cost estimates are the Congressional Budget Office's, and the hearings are the printed hearings GovInfo publishes, which can appear months after the hearing.
