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HR 1519 109th Congress House

Better Future for American Families Act

Official title: To help American families save, invest, and build a better future, and for other purposes.

Introduced: April 6, 2005 Introduced by: Larson, John B. Democratic · Connecticut See on congress.gov
Taxation Finance and Financial SectorIncome taxIndividual retirement accountsLabor and Employment
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Pension fundsSaving and investmentTax creditsTax refundsTax-deferred compensation plans
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This bill died when the 109th Congress ended
It never became law before the 109th Congress (2005–2006) 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 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Apr 6, 2005
Referred to the House Committee on Ways and Means.
Apr 6, 2005
Introduced in House
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 Latest action April 6, 2005

Referred to the House Committee on Ways and Means.

 Plain-English summary Congressional Research Service

Better Future for American Families Act - Amends the Internal Revenue Code to rename the Credit for Elective Deferrals and IRA Contributions as the Saver's Credit. Revises the applicable percentage of an eligible individual's qualified retirement savings contributions for determining the amount of such credit. Makes the credit refundable and permanent.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
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APA
U.S. Congress. (2026). H.R. 1519: Better Future for American Families Act. 109th Congress. Open America. https://openamerica.io/bill/109-HR-1519/
MLA
"H.R. 1519: Better Future for American Families Act." 109th Congress, 2026, Open America, https://openamerica.io/bill/109-HR-1519/.
Bluebook (legal)
H.R. 1519, 109th Cong. (2026), https://openamerica.io/bill/109-HR-1519/.
Markdown link
[H.R. 1519: Better Future for American Families Act](https://openamerica.io/bill/109-HR-1519/)
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