HR 1652 114th Congress House Taxation Financial services and investments Income tax exclusion Interest, dividends, interest rates Securities State and local taxation Tax administration and collection, taxpayers

SAVINGS Act

Introduced: March 26, 2015 See on congress.gov

Everywhere this bill has been 2 steps

Introduced

In committee

Reported out

Passed House

Passed Senate

To President

Became law

Mar 26, 2015

Referred to the House Committee on Ways and Means.

Mar 26, 2015

Introduced in House

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Plain-English summary Congressional Research Service

Save Access to a Valuable Investment Needed to Generate Savings Act of 2015 or the SAVINGS Act

Directs the Department 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, 2020; 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.

What's happening now March 26, 2015

Referred to the House Committee on Ways and Means.

Related & companion bills 1

Bill text 1 version