Savings Account for Every American Act of 2018

Bill Number

HR 7349

Introduced

Dec 19, 2018

Latest Action

Referred to the Committee on Ways and Means, and in addition to the Committee on Oversight and Government Reform, for a ...

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Cosponsors

Topics

Employee benefits and pensions Government employee pay, benefits, personnel management Government information and archives Government studies and investigations Health care costs and insurance Income tax deductions Income tax exclusion Labor and Employment Life, casualty, property insurance Long-term, rehabilitative, and terminal care Self-employed Social security and elderly assistance Veterans' pensions and compensation

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Summary

Savings Account for Every American Act of 2018

This bill provides for the establishment of tax-exempt savings accounts, which individuals may elect to participate in instead of Social Security. The bill requires (1) employers to maintain payroll deduction programs for the accounts, and (2) employees and employers to make specified contributions to the accounts.

Actions

Dec 19, 2018

Referred to the Committee on Ways and Means, and in addition to the Committee on Oversight and Government Reform, 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.
Dec 19, 2018

Introduced in House

Amendments

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