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Proposal:AMORE Act

This proposal is archived and closed to further debate. It was introduced in the 116th Congress, which has concluded, and the bill was not enacted into law.
Geographic Scope
National

Description

Addressing Missed-savings Opportunities for Retirement due to an Epidemic Act or the AMORE Act

This bill allows a participant in a tax-preferred pension plan or individual retirement plan to make additional contributions to such plans for any taxable year beginning in 2021 or 2022 in an amount not exceeding the participant's unused 2020 contribution amount.

Bill Title

AMORE Act

Linked Goals

Steps

  • 2020-07-23: Read twice and referred to the Committee on Finance.
  • 2020-07-23: Introduced in Senate

Projected Outcome

A more informed proposal or public response aligned with the Promote General Welfare goal.