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HR 6470 114th Congress House

Graduate Student Savings Act of 2016

Official title: To amend the Internal Revenue Code of 1986 to permit fellowship and stipend compensation to be saved in an individual retirement account.

Introduced: December 7, 2016 See on congress.gov
Taxation Employee benefits and pensionsHigher educationIncome tax deductionsStudent aid and college costs
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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 7, 2016
Referred to the House Committee on Ways and Means.
Dec 7, 2016
Introduced in House
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 Latest action December 7, 2016

Referred to the House Committee on Ways and Means.

 Plain-English summary Congressional Research Service

Graduate Student Savings Act of 2016

This bill amends the Internal Revenue Code to allow funds paid to an individual to aid in the pursuit of graduate or postdoctoral study or research to be saved in an Individual Retirement Account (IRA). The bill permits the funds to be considered compensation for purposes of current law provisions that limit annual deductible IRA contributions to the lesser of: (1) the deductible amount permitted under current law, or (2) the compensation includible in the individual's gross income for the year.

 Related & companion bills 3
  • S 3471 Related bill Retirement Enhancement and Savings Act of 2016
  • HR 3136 Reintroduced Bill Graduate Student Savings Act of 2017
  • S 3025 Identical bill Graduate Student Savings Act of 2016
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
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APA
U.S. Congress. (2026). H.R. 6470: Graduate Student Savings Act of 2016. 114th Congress. Open America. https://openamerica.io/bill/114-HR-6470/
MLA
"H.R. 6470: Graduate Student Savings Act of 2016." 114th Congress, 2026, Open America, https://openamerica.io/bill/114-HR-6470/.
Bluebook (legal)
H.R. 6470, 114th Cong. (2026), https://openamerica.io/bill/114-HR-6470/.
Markdown link
[H.R. 6470: Graduate Student Savings Act of 2016](https://openamerica.io/bill/114-HR-6470/)
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