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H.R. 7349 115th Congress House

Savings Account for Every American Act of 2018

Official title: To provide for each American the opportunity to provide for his or her retirement through a S.A.F.E. account, and for other purposes.

Introduced: December 19, 2018 Introduced by: Pete Sessions Republican · Texas See on congress.gov
Labor and Employment Employee benefits and pensionsGovernment employee pay, benefits, personnel managementGovernment information and archivesGovernment studies and investigations
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Health care costs and insuranceIncome tax deductionsIncome tax exclusionLife, casualty, property insuranceLong-term, rehabilitative, and terminal careSelf-employedSocial security and elderly assistanceVeterans' pensions and compensation
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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
Dec 19, 2018
Referred to the Committee on Ways and Means, and in addition to the Committee on Oversight and Government Reform, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Dec 19, 2018
Introduced in House
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 Latest action December 19, 2018

Referred to the Committee on Ways and Means, and in addition to the Committee on Oversight and Government Reform, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

 Plain-English summary Congressional Research Service

Savings Account for Every American Act of 2018

This bill provides for the establishment of tax-exempt savings accounts, which individuals may elect to participate in instead of Social Security. The bill requires (1) employers to maintain payroll deduction programs for the accounts, and (2) employees and employers to make specified contributions to the accounts.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 2
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APA
U.S. Congress. (2026). H.R. 7349: Savings Account for Every American Act of 2018. 115th Congress. Open America. https://openamerica.io/bill/115-HR-7349/
MLA
"H.R. 7349: Savings Account for Every American Act of 2018." 115th Congress, 2026, Open America, https://openamerica.io/bill/115-HR-7349/.
Bluebook (legal)
H.R. 7349, 115th Cong. (2026), https://openamerica.io/bill/115-HR-7349/.
Markdown link
[H.R. 7349: Savings Account for Every American Act of 2018](https://openamerica.io/bill/115-HR-7349/)
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