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Savings for Working Families Act

Introduced: June 13, 2001 See on congress.gov
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This bill died when the 107th Congress ended
It never became law before the 107th Congress (2001–2002) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jun 13, 2001
Referred to the House Committee on Ways and Means.
Jun 13, 2001
Sponsor introductory remarks on measure. (CR H3078, E1091-1092)
Jun 13, 2001
Introduced in House
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 Plain-English summary Congressional Research Service
Savings for Working Families Act - Amends the Internal Revenue Code to permit any qualified financial institution, qualified nonprofit organization, or Indian tribe to establish one or more qualified individual development account programs. Defines such an account as an account established for an eligible individual (income based) as part of a qualified individual development account program (matched individual and entity savings accounts for qualifying educational, first-time home purchase, or business expenses). Sets forth provisions concerning such accounts, including: (1) the structure and administration of account programs; (2) procedures for opening and maintaining an account and qualifying for matching funds; (3) withdrawal procedures; and (4) disregarding account funds for purposes of certain means-tested Federal programs.

Provides matching funds through a tax credit for a participating entity's program investment.

What's happening now June 13, 2001

Referred to the House Committee on Ways and Means.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 6
All 6 Democratic 5 Republican 1
D
Waters, Maxine
California · Mar 5, 2002
 D
Baldwin, Tammy
Wisconsin · Jun 13, 2001
 R
Calvert, Ken
California · Jun 13, 2001
 D
Davis, Danny K.
Illinois · Jun 13, 2001
 D
DeLauro, Rosa L.
Connecticut · Jun 13, 2001
 D
Norton, Eleanor Holmes
District of Columbia · Jun 13, 2001
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 2160: Savings for Working Families Act. 107th Congress. Open America. https://openamerica.io/bill/107-HR-2160/
MLA
"H.R. 2160: Savings for Working Families Act." 107th Congress, 2026, Open America, https://openamerica.io/bill/107-HR-2160/.
Bluebook (legal)
H.R. 2160, 107th Cong. (2026), https://openamerica.io/bill/107-HR-2160/.
Markdown link
[H.R. 2160: Savings for Working Families Act](https://openamerica.io/bill/107-HR-2160/)
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