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H.R. 1084 116th Congress House

Family Savings Act of 2019

Official title: To amend the Internal Revenue Code of 1986 to encourage retirement and family savings, and for other purposes.

Introduced: March 11, 2020 Introduced by: Mike Kelly Republican · Pennsylvania See on congress.gov
Taxation Administrative law and regulatory proceduresAdoption and foster careBank accounts, deposits, capitalBusiness records
More subjectsShow fewer subjects
Child care and developmentConsumer creditDepartment of LaborElementary and secondary educationEmployee benefits and pensionsEmployment and training programsFinancial services and investmentsGovernment information and archivesHigher educationIncome tax deductionsIncome tax deferralIncome tax exclusionInterest, dividends, interest ratesMilitary personnel and dependentsNational Guard and reservesSpecial educationStudent aid and college costsTax treatment of families
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This bill died when the 116th Congress ended
It never became law before the 116th Congress (2019–2020) 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 7, 2019
Referred to the Committee on Ways and Means, and in addition to the Committees on Education and Labor, and the Budget, 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.
Feb 7, 2019
Introduced in House
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 Latest action February 7, 2019

Referred to the Committee on Ways and Means, and in addition to the Committees on Education and Labor, and the Budget, 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

Family Savings Act of 2019

This bill modifies requirements for tax-exempt multi-employer and pooled employer retirement plans and expands qualified tuition plans (commonly known as 529 plans) to cover additional programs and expenses.

Among other things, the bill

  • treats certain education fellowships and stipend payments as compensation for Individual Retirement Account (IRA) purposes,
  • repeals the maximum age for contributions to a traditional IRA,
  • increases the credit limitation for small employer pension plan startup costs,
  • allows a new tax credit for small employer automatic enrollment plans,
  • exempts certain individuals with pension plan assets not exceeding $50,000 from required minimum distribution rules, and
  • modifies nondiscrimination rules to protect certain older pension plan participants,

Additionally, the bill (1) expands 529 plans to allow distributions for registered apprenticeship programs, education loan repayments, and certain elementary and secondary school expenses in addition to tuition; (2) allows unborn children to be beneficiaries of 529 plans; and (3) permits penalty free withdrawals from retirement plans for expenses related to the birth or adoption of a child.

 Related & companion bills 11
  • HR 1194 Graduate Student Savings Act of 2019
  • HR 1439 Increasing Access to a Secure Retirement Act of 2019
  • HR 1865 Further Consolidated Appropriations Act, 2020
  • HR 1993 Providing Retirement Security to Workers in Small Businesses, Cooperatives, and Service Organizations Act of 2019
  • HR 2367 Lifetime Income Disclosure Act
  • S 321 Retirement Security Act of 2019
  • S 836 A bill to amend the Internal Revenue Code of 1986 to clarify the retirement income account rules relating to church-con…
  • S 1574 Lifetime Income Disclosure Act
  • S 2352 Retirement Security Preservation Act of 2019
  • HR 65 Enhancing Educational Opportunities for Home School Students Act
Show all 11 related billsShow fewer related bills
  • HR 1007 Retirement Enhancement and Savings Act of 2019
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 3
 Cosponsors 11
All 11 Republican 7
R
Steube, W. Gregory
Florida · Mar 11, 2020
 R
Budd, Ted
North Carolina · Aug 23, 2019
 R
Arrington, Jodey C.
Texas · Feb 7, 2019
 R
Estes, Ron
Kansas · Feb 7, 2019
Ferguson, A.
· Feb 7, 2019
 R
LaHood, Darin
Illinois · Feb 7, 2019
Marchant, Kenny
· Feb 7, 2019
Reed, Tom
· Feb 7, 2019
 R
Schweikert, David
Arizona · Feb 7, 2019
 R
Smith, Jason
Missouri · Feb 7, 2019
Wenstrup, Brad
· Feb 7, 2019
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 1084: Family Savings Act of 2019. 116th Congress. Open America. https://openamerica.io/bill/116-HR-1084/
MLA
"H.R. 1084: Family Savings Act of 2019." 116th Congress, 2026, Open America, https://openamerica.io/bill/116-HR-1084/.
Bluebook (legal)
H.R. 1084, 116th Cong. (2026), https://openamerica.io/bill/116-HR-1084/.
Markdown link
[H.R. 1084: Family Savings Act of 2019](https://openamerica.io/bill/116-HR-1084/)
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