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HR 2163 110th Congress House Taxation Cost of living adjustments Economics and Public Finance Families Finance and Financial Sector Income tax Indexing (Economic policy) Individual retirement accounts Labor and Employment Saving and investment Tax credits Tax-deferred compensation plans

Kids Invest and Develop Savings Act of 2007

Introduced: May 3, 2007 See on congress.gov
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This bill died when the 110th Congress ended
It never became law before the 110th Congress (2007–2008) 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
May 3, 2007
Referred to the House Committee on Ways and Means.
May 3, 2007
Introduced in House
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 Plain-English summary Congressional Research Service

Kids Invest and Develop Savings Act of 2007 - Amends the Internal Revenue Code to: (1) increase the allowable amount of the tax credit for retirement savings; (2) expand eligibility for such credit to taxpayers with adjusted gross incomes up to $95,000 ($150,000 for joint returns); (3) establish tax-exempt Roth individual retirement accounts (IRAs) for individuals under the age of 25; and (4) allow a tax credit for contributions to such IRAs.

What's happening now May 3, 2007

Referred to the House Committee on Ways and Means.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 3
All 3 Republican 3
R
Buchanan, Vern
Florida · May 3, 2007
 R
Diaz-Balart, Mario
Florida · May 3, 2007
 R
Sessions, Pete
Texas · May 3, 2007
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 2163: Kids Invest and Develop Savings Act of 2007. 110th Congress. Open America. https://openamerica.io/bill/110-HR-2163/
MLA
"H.R. 2163: Kids Invest and Develop Savings Act of 2007." 110th Congress, 2026, Open America, https://openamerica.io/bill/110-HR-2163/.
Bluebook (legal)
H.R. 2163, 110th Cong. (2026), https://openamerica.io/bill/110-HR-2163/.
Markdown link
[H.R. 2163: Kids Invest and Develop Savings Act of 2007](https://openamerica.io/bill/110-HR-2163/)
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