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HR 2913 117th Congress House Taxation Bank accounts, deposits, capital Congressional oversight Employee benefits and pensions Government information and archives Income tax credits Income tax deferral Inflation and prices Securities Tax administration and collection, taxpayers

Encouraging Americans to Save Act

Introduced: April 30, 2021 Introduced by: Chu, Judy Democratic · California See on congress.gov
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This bill died when the 117th Congress ended
It never became law before the 117th Congress (2021–2022) 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 30, 2021
Referred to the House Committee on Ways and Means.
Apr 30, 2021
Introduced in House
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 Plain-English summary Congressional Research Service

Encouraging Americans to Save Act

This bill sets forth provisions to provide matching payments for retirement savings and Individual Retirement Account (IRA) contributions for individuals who have attained age 18, excluding dependents and full-time students. Specifically, it allows an enhanced 50% tax credit, up to $3,000, for deductible retirement savings contributions and for IRA contributions.

The bill also directs the Department of the Treasury to establish a permanent program to be known as the MyRA Program to allow individuals or employers to establish a Roth IRA. Treasury must also take steps to increase public awareness of the benefits of this bill and the MyRA Program in particular.

What's happening now April 30, 2021

Referred to the House Committee on Ways and Means.

 Related & companion bills 1
  • S 2452 Related bill Encouraging Americans to Save Act
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 2
All 2 Democratic 2
D
Panetta, Jimmy
California · Apr 30, 2021
 D
Sewell, Terri A.
Alabama · Apr 30, 2021
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 2913: Encouraging Americans to Save Act. 117th Congress. Open America. https://openamerica.io/bill/117-HR-2913/
MLA
"H.R. 2913: Encouraging Americans to Save Act." 117th Congress, 2026, Open America, https://openamerica.io/bill/117-HR-2913/.
Bluebook (legal)
H.R. 2913, 117th Cong. (2026), https://openamerica.io/bill/117-HR-2913/.
Markdown link
[H.R. 2913: Encouraging Americans to Save Act](https://openamerica.io/bill/117-HR-2913/)
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