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HR 2420 115th Congress House

To amend the Internal Revenue Code of 1986 to provide for tax preferred savings accounts for individuals under age 26, and for other purposes.

Introduced: May 11, 2017 Introduced by: Rouzer, David Republican · North Carolina See on congress.gov
Taxation Bank accounts, deposits, capitalEmployee benefits and pensionsHigher educationIncome tax exclusionStudent aid and college costs
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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
May 11, 2017
Referred to the House Committee on Ways and Means.
May 11, 2017
Introduced in House
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 Latest action May 11, 2017

Referred to the House Committee on Ways and Means.

 Plain-English summary Congressional Research Service

This bill amends the Internal Revenue Code to establish a tax-preferred individual retirement account for taxpayers under age 26, to be known as a young savers account. The bill treats such accounts as Roth individual retirement accounts for income tax purposes, with the exception of specified modifications to the rules regarding contribution limits.

 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. 2420: To amend the Internal Revenue Code of 1986 to provide for tax preferred savings accounts for individuals under age 26, and for other purposes.. 115th Congress. Open America. https://openamerica.io/bill/115-HR-2420/
MLA
"H.R. 2420: To amend the Internal Revenue Code of 1986 to provide for tax preferred savings accounts for individuals under age 26, and for other purposes.." 115th Congress, 2026, Open America, https://openamerica.io/bill/115-HR-2420/.
Bluebook (legal)
H.R. 2420, 115th Cong. (2026), https://openamerica.io/bill/115-HR-2420/.
Markdown link
[H.R. 2420: To amend the Internal Revenue Code of 1986 to provide for tax preferred savings accounts for individuals under age 26, and for other purposes.](https://openamerica.io/bill/115-HR-2420/)
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