HR 30
111th Congress
House
Taxation
Employee benefits and pensions
Financial services and investments
Higher education
Housing finance and home ownership
Income tax exclusion
Student aid and college costs
401Kids Family Savings Act of 2009
Introduced: January 6, 2009
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jan 6, 2009
Referred to the House Committee on Ways and Means.
Jan 6, 2009
Introduced in House
Plain-English summary
401Kids Family Savings Act of 2009 - 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
Referred to the House Committee on Ways and Means.
Committees of jurisdiction
1