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HR 7155 110th Congress House

Guard and Reserve Financial Stability Act of 2008

Official title: To amend the Internal Revenue Code of 1986 to protect the financial stability of activated members of the Ready-Reserve and National Guard while serving abroad.

Introduced: September 26, 2008 See on congress.gov
Taxation Armed Forces and National SecurityArmed forces reservesCommerceIncome tax
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Labor and EmploymentNational GuardRecruiting of employeesSalariesSmall businessTax creditsTemporary employmentWages
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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
Sep 26, 2008
Referred to the House Committee on Ways and Means.
Sep 26, 2008
Introduced in House
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 Latest action September 26, 2008

Referred to the House Committee on Ways and Means.

 Plain-English summary Congressional Research Service

Guard and Reserve Financial Stability Act of 2008 - Amends the Internal Revenue Code to allow small employers (employers with 50 or fewer employees) a business tax credit for 50 percent of the lesser of: (1) actual compensation paid to each Ready Reserve-National Guard employee while on active duty or hospitalized incident to such duty; or (2) $30,000. Terminates such credit after 2009.

Allows employers a work opportunity tax credit for the hiring of temporary employees to replace Ready Reserve-National Guard employees for the period such employees are on active duty.

 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. 7155: Guard and Reserve Financial Stability Act of 2008. 110th Congress. Open America. https://openamerica.io/bill/110-HR-7155/
MLA
"H.R. 7155: Guard and Reserve Financial Stability Act of 2008." 110th Congress, 2026, Open America, https://openamerica.io/bill/110-HR-7155/.
Bluebook (legal)
H.R. 7155, 110th Cong. (2026), https://openamerica.io/bill/110-HR-7155/.
Markdown link
[H.R. 7155: Guard and Reserve Financial Stability Act of 2008](https://openamerica.io/bill/110-HR-7155/)
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