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S 1019 116th Congress Senate Labor and Employment Administrative law and regulatory procedures Bank accounts, deposits, capital Congressional oversight Department of the Treasury Employee benefits and pensions Federal preemption Government studies and investigations State and local government operations

Strengthening Financial Security Through Short-Term Savings Accounts Act of 2019

Introduced: April 3, 2019 See on congress.gov
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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
Apr 3, 2019
Read twice and referred to the Committee on Health, Education, Labor, and Pensions.
Apr 3, 2019
Introduced in Senate
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 Plain-English summary Congressional Research Service

Strengthening Financial Security Through Short-Term Savings Accounts Act of 2019

This bill allows employers to enroll employees in short-term savings accounts that are funded using automatic contributions deducted from participating employees' wages.

For each pay period, the employer must transfer to the account an amount equal to the percentage of the employee's compensation or a fixed amount, as determined by the employer.

Employees may elect to adjust, stop, or pause their contributions. The balance in an account may not exceed $10,000 (adjusted annually for inflation) and must be made readily available to the employee at any time.

What's happening now April 3, 2019

Read twice and referred to the Committee on Health, Education, Labor, and Pensions.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 3
All 3 Democratic 1 Republican 2
D
Booker, Cory A.
New Jersey · Apr 3, 2019
 R
Cotton, Tom
Arkansas · Apr 3, 2019
 R
Young, Todd
Indiana · Apr 3, 2019
Cite this page click to expand
APA
U.S. Congress. (2026). S. 1019: Strengthening Financial Security Through Short-Term Savings Accounts Act of 2019. 116th Congress. Open America. https://openamerica.io/bill/116-S-1019/
MLA
"S. 1019: Strengthening Financial Security Through Short-Term Savings Accounts Act of 2019." 116th Congress, 2026, Open America, https://openamerica.io/bill/116-S-1019/.
Bluebook (legal)
S. 1019, 116th Cong. (2026), https://openamerica.io/bill/116-S-1019/.
Markdown link
[S. 1019: Strengthening Financial Security Through Short-Term Savings Accounts Act of 2019](https://openamerica.io/bill/116-S-1019/)
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