Skip to main content
HR 153 111th Congress House Taxation Bank accounts, deposits, capital Employee benefits and pensions Income tax credits Income tax deferral Tax administration and collection, taxpayers Unemployment

Worker Savings Account Act of 2009

Introduced: January 6, 2009 See on congress.gov
Sign in to write a letter Sign in to watch
 Everywhere this bill has been 3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jan 13, 2009
Sponsor introductory remarks on measure. (CR E69)
Jan 6, 2009
Referred to the House Committee on Ways and Means.
Jan 6, 2009
Introduced in House
 Plain-English summary Congressional Research Service

Worker Savings Account Act of 2009 - Amends the Internal Revenue Code to: (1) establish worker savings accounts to make payments to workers during periods of unemployment; (2) treat such accounts in the same manner as individual retirement accounts (IRAs) for tax purposes; (3) allow employer matching contributions to such accounts; (4) make a portion of the tax credit for contributions to retirement accounts (saver's credit) refundable; and (5) require increases in the saver's credit to be paid into a worker savings account.

Provides that no provision of this Act shall be construed to diminish an employer's obligation to pay federal and state unemployment taxes or to reduce the amount of unemployment compensation to which a worker may be entitled.

What's happening now January 13, 2009

Sponsor introductory remarks on measure. (CR E69)

 Committees of jurisdiction 1
 Cosponsors 1
All 1 Republican 1