US HB1084 | 2019-2020 | 116th Congress
Status
Spectrum: Partisan Bill (Republican 12-0)
Status: Introduced on February 7 2019 - 25% progression, died in committee
Action: 2019-02-07 - Referred to the Committee on Ways and Means, and in addition to the Committees on Education and Labor, and the Budget, 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.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on February 7 2019 - 25% progression, died in committee
Action: 2019-02-07 - Referred to the Committee on Ways and Means, and in addition to the Committees on Education and Labor, and the Budget, 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.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Modifies requirements for tax-exempt multi-employer and pooled employer retirement plans and expands qualified tuition plans (commonly known as 529 plans) to cover additional programs and expenses. Among other things, the bill treats certain education fellowships and stipend payments as compensation for Individual Retirement Account (IRA) purposes, repeals the maximum age for contributions to a traditional IRA, increases the credit limitation for small employer pension plan startup costs, allows a new tax credit for small employer automatic enrollment plans, exempts certain individuals with pension plan assets not exceeding $50,000 from required minimum distribution rules, and modifies nondiscrimination rules to protect certain older pension plan participants, Additionally, the bill (1) expands 529 plans to allow distributions for registered apprenticeship programs, education loan repayments, and certain elementary and secondary school expenses in addition to tuition; (2) allows unborn children to be beneficiaries of 529 plans; and (3) permits penalty free withdrawals from retirement plans for expenses related to the birth or adoption of a child.
Title
Family Savings Act of 2019
Sponsors
Rep. Mike Kelly [R-PA] | Rep. Brad Wenstrup [R-OH] | Rep. Jody Arrington [R-TX] | Rep. Darin LaHood [R-IL] |
Rep. Jason Smith [R-MO] | Rep. Drew Ferguson [R-GA] | Rep. David Schweikert [R-AZ] | Rep. Ron Estes [R-KS] |
Rep. Tom Reed [R-NY] | Rep. Kenny Marchant [R-TX] | Sen. Ted Budd [R-NC] | Rep. Greg Steube [R-FL] |
History
Date | Chamber | Action |
---|---|---|
2019-02-07 | House | Referred to the Committee on Ways and Means, and in addition to the Committees on Education and Labor, and the Budget, 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. |
2019-02-07 | House | Referred to the Committee on Ways and Means, and in addition to the Committees on Education and Labor, and the Budget, 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. |
2019-02-07 | House | Referred to the Committee on Ways and Means, and in addition to the Committees on Education and Labor, and the Budget, 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. |
2019-02-07 | House | Introduced in House |
Same As/Similar To
HB65 (Related) 2019-01-03 - Referred to the House Committee on Ways and Means.
HB1007 (Related) 2019-02-06 - Referred to the Committee on Ways and Means, and in addition to the Committee on Education and Labor, 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.
SB321 (Related) 2019-02-04 - Read twice and referred to the Committee on Finance. (Sponsor introductory remarks on measure: CR S834-835)
HB1194 (Related) 2019-02-13 - Referred to the House Committee on Ways and Means.
HB1439 (Related) 2019-02-28 - Referred to the House Committee on Education and Labor.
SB836 (Related) 2019-03-14 - Read twice and referred to the Committee on Finance.
HB1993 (Related) 2019-03-29 - Referred to the Committee on Education and Labor, and in addition to the Committee on Ways and Means, 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.
HB2367 (Related) 2019-04-25 - Referred to the House Committee on Education and Labor.
SB1574 (Related) 2019-05-21 - Read twice and referred to the Committee on Health, Education, Labor, and Pensions.
SB2352 (Related) 2019-07-31 - Read twice and referred to the Committee on Finance.
HB1865 (Related) 2019-12-20 - Became Public Law No: 116-94. (TXT | PDF)
HB1007 (Related) 2019-02-06 - Referred to the Committee on Ways and Means, and in addition to the Committee on Education and Labor, 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.
SB321 (Related) 2019-02-04 - Read twice and referred to the Committee on Finance. (Sponsor introductory remarks on measure: CR S834-835)
HB1194 (Related) 2019-02-13 - Referred to the House Committee on Ways and Means.
HB1439 (Related) 2019-02-28 - Referred to the House Committee on Education and Labor.
SB836 (Related) 2019-03-14 - Read twice and referred to the Committee on Finance.
HB1993 (Related) 2019-03-29 - Referred to the Committee on Education and Labor, and in addition to the Committee on Ways and Means, 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.
HB2367 (Related) 2019-04-25 - Referred to the House Committee on Education and Labor.
SB1574 (Related) 2019-05-21 - Read twice and referred to the Committee on Health, Education, Labor, and Pensions.
SB2352 (Related) 2019-07-31 - Read twice and referred to the Committee on Finance.
HB1865 (Related) 2019-12-20 - Became Public Law No: 116-94. (TXT | PDF)
Subjects
Administrative law and regulatory procedures
Adoption and foster care
Bank accounts, deposits, capital
Business records
Child care and development
Consumer credit
Department of Labor
Elementary and secondary education
Employee benefits and pensions
Employment and training programs
Financial services and investments
Government information and archives
Higher education
Income tax deductions
Income tax deferral
Income tax exclusion
Interest, dividends, interest rates
Military personnel and dependents
National Guard and reserves
Special education
Student aid and college costs
Tax treatment of families
Taxation
Adoption and foster care
Bank accounts, deposits, capital
Business records
Child care and development
Consumer credit
Department of Labor
Elementary and secondary education
Employee benefits and pensions
Employment and training programs
Financial services and investments
Government information and archives
Higher education
Income tax deductions
Income tax deferral
Income tax exclusion
Interest, dividends, interest rates
Military personnel and dependents
National Guard and reserves
Special education
Student aid and college costs
Tax treatment of families
Taxation
US Congress State Sources
Type | Source |
---|---|
Summary | https://www.congress.gov/bill/116th-congress/house-bill/1084/all-info |
Text | https://www.congress.gov/116/bills/hr1084/BILLS-116hr1084ih.pdf |