US HB1194 | 2019-2020 | 116th Congress
Status
Spectrum: Moderate Partisan Bill (Democrat 10-2)
Status: Introduced on February 13 2019 - 25% progression, died in committee
Action: 2019-02-13 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on February 13 2019 - 25% progression, died in committee
Action: 2019-02-13 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Allows funds paid to an individual to aid in the pursuit of graduate or postdoctoral study or research to be saved in an Individual Retirement Account (IRA). The bill permits the funds to be considered compensation for purposes of current law provisions that limit annual deductible IRA contributions to the lesser of (1) the deductible amount permitted under current law, or (2) the compensation includible in the individual's gross income for the year.
Title
Graduate Student Savings Act of 2019
Sponsors
| Rep. Joseph Kennedy [D-MA] | Sen. Jim Banks [R-IN] | Rep. Seth Moulton [D-MA] | Rep. Ann Kuster [D-NH] |
| Rep. William Keating [D-MA] | Rep. Brian Fitzpatrick [R-PA] | Rep. James McGovern [D-MA] | Rep. Josh Harder [D-CA] |
| Rep. Sheila Jackson-Lee [D-TX] | Rep. Alcee Hastings [D-FL] | Rep. Debbie Dingell [D-MI] | Rep. Scott Peters [D-CA] |
History
| Date | Chamber | Action |
|---|---|---|
| 2019-02-13 | House | Referred to the House Committee on Ways and Means. |
| 2019-02-13 | House | Introduced in House |
Same As/Similar To
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.
HB1084 (Related) 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.
SB448 (Same As) 2019-02-12 - Read twice and referred to the Committee on Finance.
HB1084 (Related) 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.
SB448 (Same As) 2019-02-12 - Read twice and referred to the Committee on Finance.
Subjects
Employee benefits and pensions
Higher education
Income tax deductions
Student aid and college costs
Taxation
Higher education
Income tax deductions
Student aid and college costs
Taxation
US Congress State Sources
| Type | Source |
|---|---|
| Summary | https://www.congress.gov/bill/116th-congress/house-bill/1194/all-info |
| Text | https://www.congress.gov/116/bills/hr1194/BILLS-116hr1194ih.pdf |
