| Bill | S 448 |
|---|---|
| Type of Legislation | Senate Bill |
| Congress | 116 |
| Source | View original on Congress.gov |
Geographic Scope
National
Description
Graduate Student Savings Act of 2019
This bill 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.
Bill Title
Graduate Student Savings Act of 2019
Linked Goals
Steps
- 2019-02-12: Read twice and referred to the Committee on Finance.
- 2019-02-12: Introduced in Senate
Projected Outcome
A more informed proposal or public response aligned with the Promote General Welfare goal.