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HR 4236 114th Congress House

Financial Security Credit Act of 2015

Official title: To promote savings by providing a tax credit for eligible taxpayers who contribute to savings products and to facilitate taxpayers receiving this credit and op… Show full official titleShow less

Official title: To promote savings by providing a tax credit for eligible taxpayers who contribute to savings products and to facilitate taxpayers receiving this credit and open a designated savings product when they file their Federal income tax returns.

Introduced: December 10, 2015 See on congress.gov
Taxation Employee benefits and pensionsGovernment information and archivesIncome tax creditsIncome tax exclusion
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SecuritiesStudent aid and college costsTax administration and collection, taxpayers
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This bill died when the 114th Congress ended
It never became law before the 114th Congress (2015–2016) 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 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Dec 10, 2015
Referred to the House Committee on Ways and Means.
Dec 10, 2015
Introduced in House
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 Latest action December 10, 2015

Referred to the House Committee on Ways and Means.

 Plain-English summary Congressional Research Service

Financial Security Credit Act of 2015

This bill amends the Internal Revenue Code to allow an income-based tax credit equal to the lesser of $500 or 50% of the total amount deposited or contributed into designated savings products in a taxable year (financial security credit). A "designated savings product" is a qualified retirement plan, a qualified tuition plan, a Coverdell education savings account, a U.S. savings bond, a certificate of deposit with a duration of at least eight months, a savings account, or other savings product considered appropriate by the Department of the Treasury.

The Internal Revenue Service must notify individual taxpayers who may qualify for a financial security credit that they have the option of an electronic direct deposit if they deposit any portion of their tax refund into a designated savings product.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 7
All 7 Democratic 7
D
Clarke, Yvette D.
New York · Dec 10, 2015
 D
DeLauro, Rosa L.
Connecticut · Dec 10, 2015
 D
Jeffries, Hakeem S.
New York · Dec 10, 2015
 D
Luján, Ben Ray
New Mexico · Dec 10, 2015
 D
Meng, Grace
New York · Dec 10, 2015
 D
Vargas, Juan
California · Dec 10, 2015
 D
Velázquez, Nydia M.
New York · Dec 10, 2015
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 4236: Financial Security Credit Act of 2015. 114th Congress. Open America. https://openamerica.io/bill/114-HR-4236/
MLA
"H.R. 4236: Financial Security Credit Act of 2015." 114th Congress, 2026, Open America, https://openamerica.io/bill/114-HR-4236/.
Bluebook (legal)
H.R. 4236, 114th Cong. (2026), https://openamerica.io/bill/114-HR-4236/.
Markdown link
[H.R. 4236: Financial Security Credit Act of 2015](https://openamerica.io/bill/114-HR-4236/)
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