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401Kids Family Savings Act of 2007

Introduced: January 4, 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 4 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Apr 16, 2007
Sponsor introductory remarks on measure. (CR H3384)
Mar 7, 2007
Sponsor introductory remarks on measure. (CR H2273, H2274)
Jan 4, 2007
Referred to the House Committee on Ways and Means.
Jan 4, 2007
Introduced in House
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 Plain-English summary Congressional Research Service

401Kids Family Savings Act of 2007 - Amends the Economic Growth and Tax Relief Reconciliation Act of 2001 to extend through 2015 provisions allowing increased annual contributions to Coverdell education savings accounts.

Amends the Internal Revenue Code to: (1) allow tax-free distributions from a Coverdell education savings account for first-time homebuyer expenses; (2) permit rollovers from Coverdell education savings accounts to Roth individual retirement accounts (Roth IRAs); and (3) rename Coverdell education savings accounts as 401Kids Savings Accounts.

What's happening now April 16, 2007

Sponsor introductory remarks on measure. (CR H3384)

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 4
All 4 Republican 4
R
Turner, Michael R.
Ohio · Jul 15, 2008
 R
Capito, Shelley Moore
West Virginia · Mar 10, 2008
 R
Blackburn, Marsha
Tennessee · Jan 9, 2007
 R
Sessions, Pete
Texas · Jan 9, 2007
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 87: 401Kids Family Savings Act of 2007. 110th Congress. Open America. https://openamerica.io/bill/110-HR-87/
MLA
"H.R. 87: 401Kids Family Savings Act of 2007." 110th Congress, 2026, Open America, https://openamerica.io/bill/110-HR-87/.
Bluebook (legal)
H.R. 87, 110th Cong. (2026), https://openamerica.io/bill/110-HR-87/.
Markdown link
[H.R. 87: 401Kids Family Savings Act of 2007](https://openamerica.io/bill/110-HR-87/)
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