SAVERS Act
Latest action · Apr 21, 2020 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.
- IntroducedApr 21, 2020
- Passed HouseNot reached
- Passed SenateNot reached
- To the PresidentNot reached
- Became lawNot reached
Summary
Securing Additional Value for Every Retirement Saver Act or the SAVERS Act
This bill increases contribution limits to certain tax-preferred retirement plans in taxable years beginning in 2020 by the lesser of 300% or the compensation of the plan participant that is includible in gross income. For purposes of determining the compensation of plan participants, the bill allows an election to use compensation for 2019 in lieu of 2020.
Cosponsors 11
Members who signed on, in the order they did. Signatures ran from Apr 24, 2020 to Jun 24, 2020.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| R-MO | Ann Wagner | Apr 24, 2020 | |
| R-MI | Bill Huizenga | Apr 24, 2020 | |
| R-PA | Daniel Meuser | Apr 24, 2020 | |
| R-NY | Peter T. King | Apr 24, 2020 | |
| R-MN | Tom Emmer | Apr 24, 2020 | |
| R-TN | David Kustoff | May 1, 2020 | |
| R-VA | Denver Riggleman | May 1, 2020 | |
| R-TX | Michael T. McCaul | May 1, 2020 | |
| R-OH | Steve Stivers | May 1, 2020 | |
| R-AZ | Debbie Lesko | May 26, 2020 | |
| R-TX | Ron Wright | Jun 24, 2020 |
Actions 2
Everything that happened, newest first.
- Apr 21, 2020Introduced in House
- Apr 21, 2020Referred 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.
- Apr 21, 2020Introduced 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.