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S 3025 114th Congress Senate

Graduate Student Savings Act of 2016

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

Introduced: June 7, 2016 Introduced by: Warren, Elizabeth Democratic · Massachusetts 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
Jun 7, 2016
Read twice and referred to the Committee on Finance.
Jun 7, 2016
Introduced in Senate
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 Latest action June 7, 2016

Read twice and referred to the Committee on Finance.

 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 1
  • HR 6470 Identical bill Graduate Student Savings Act of 2016
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 1
All 1 Republican 1
R
Lee, Mike
Utah · Jun 7, 2016
Cite this page click to expand
APA
U.S. Congress. (2026). S. 3025: Graduate Student Savings Act of 2016. 114th Congress. Open America. https://openamerica.io/bill/114-S-3025/
MLA
"S. 3025: Graduate Student Savings Act of 2016." 114th Congress, 2026, Open America, https://openamerica.io/bill/114-S-3025/.
Bluebook (legal)
S. 3025, 114th Cong. (2026), https://openamerica.io/bill/114-S-3025/.
Markdown link
[S. 3025: Graduate Student Savings Act of 2016](https://openamerica.io/bill/114-S-3025/)
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