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S 4297 116th Congress Senate Taxation

AMORE Act

Introduced: July 23, 2020 Introduced by: Cruz, Ted Republican · Texas See on congress.gov
 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jul 23, 2020
Read twice and referred to the Committee on Finance.
Jul 23, 2020
Introduced in Senate
 Plain-English summary Congressional Research Service

Addressing Missed-savings Opportunities for Retirement due to an Epidemic Act or the AMORE Act

This bill allows a participant in a tax-preferred pension plan or individual retirement plan to make additional contributions to such plans for any taxable year beginning in 2021 or 2022 in an amount not exceeding the participant's unused 2020 contribution amount.

What's happening now July 23, 2020

Read twice and referred to the Committee on Finance.

 Committees of jurisdiction 1