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HR 1083 115th Congress House Labor and Employment Administrative law and regulatory procedures Advisory bodies Department of Labor Employee benefits and pensions Financial services and investments Income tax deferral Income tax exclusion Self-employed

American Savings Account Act of 2017

Introduced: February 15, 2017 Introduced by: Huffman, Jared Democratic · California See on congress.gov
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This bill died when the 115th Congress ended
It never became law before the 115th Congress (2017–2018) 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
Feb 15, 2017
Referred to the House Committee on Ways and Means.
Feb 15, 2017
Introduced in House
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 Plain-English summary Congressional Research Service

American Savings Account Act of 2017

This bill amends the Internal Revenue Code to establish a new retirement option for all employees and self-employed individuals to be known as the American Savings Account Fund. This fund operates in a manner similar to the Thrift Savings Fund, which is available to federal employees.

The bill establishes an American Savings Account Board of Directors to establish policies for fund investment and management. The board shall select or establish a list of investment funds and options similar to those in the Thrift Savings Fund, among which participants may choose.

The board shall establish an American Savings Account Fund Advisory Council to advise the board on matters relating to investment policies.

The American Savings Account Fund is tax-exempt and contributions to, or distributions from, it are excludible from gross income.

What's happening now February 15, 2017

Referred to the House Committee on Ways and Means.

 Related & companion bills 1
  • S 3242 Related bill American Savings Act
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 13
All 13 Democratic 13
D
Barragán, Nanette Diaz
California · May 16, 2017
 D
DeSaulnier, Mark
California · May 16, 2017
 D
Moore, Gwen
Wisconsin · May 4, 2017
 D
Brownley, Julia
California · Mar 1, 2017
 D
DeLauro, Rosa L.
Connecticut · Feb 16, 2017
 D
Bonamici, Suzanne
Oregon · Feb 15, 2017
 D
Garamendi, John
California · Feb 15, 2017
 D
Lieu, Ted
California · Feb 15, 2017
 D
Lofgren, Zoe
California · Feb 15, 2017
 D
Meeks, Gregory W.
New York · Feb 15, 2017
 D
Takano, Mark
California · Feb 15, 2017
 D
Thompson, Mike
California · Feb 15, 2017
 D
Vargas, Juan
California · Feb 15, 2017
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 1083: American Savings Account Act of 2017. 115th Congress. Open America. https://openamerica.io/bill/115-HR-1083/
MLA
"H.R. 1083: American Savings Account Act of 2017." 115th Congress, 2026, Open America, https://openamerica.io/bill/115-HR-1083/.
Bluebook (legal)
H.R. 1083, 115th Cong. (2026), https://openamerica.io/bill/115-HR-1083/.
Markdown link
[H.R. 1083: American Savings Account Act of 2017](https://openamerica.io/bill/115-HR-1083/)
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