HR 3385 113th Congress House

SAVINGS Act

Official title: To amend title 31, United States Code, to require the Secretary of the Treasury to provide for the purchase of paper United States savings bonds with tax refunds.

Introduced: November 14, 2013 See on congress.gov

Taxation Financial services and investmentsIncome tax exclusionInterest, dividends, interest ratesSecurities

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State and local taxationTax administration and collection, taxpayers

Everywhere this bill has been 2 steps

Introduced

In committee

Reported out

Passed House

Passed Senate

To President

Became law

Oct 30, 2013

Referred to the House Committee on Ways and Means.

Oct 30, 2013

Introduced in House

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Latest action October 30, 2013

Referred to the House Committee on Ways and Means.

Plain-English summary Congressional Research Service

Save Access to a Valuable Investment Needed to Generate Savings Act of 2013 or the SAVINGS Act - Directs the Secretary of the Treasury to: (1) allow individual taxpayers an option to purchase U.S. savings bonds in paper form with a portion or all of a tax refund during the period ending on December 31, 2018; or (2) implement an alternative option that allows for the gifting of U.S. savings bonds, serves the unbanked, and retains the ability to sign-up on the return of tax.

Bill text 1 version

Introduced in House Formatted Text PDF Formatted XML

Source documents hosted by congress.gov.

Committees of jurisdiction 1

Ways and Means Committee
House of Representatives

Cosponsors 22

Sánchez, Linda T.

California · Dec 2, 2013

Brownley, Julia