Skip to main content
S. 2452 117th Congress Senate

Encouraging Americans to Save Act

Official title: A bill to amend the Internal Revenue Code of 1986 to provide matching payments for retirement savings contributions by certain individuals, and for other purposes.

Introduced: July 22, 2021 Introduced by: Ron Wyden Democratic · Oregon See on congress.gov
Taxation Bank accounts, deposits, capitalCongressional oversightEmployee benefits and pensionsGovernment information and archives
More subjectsShow fewer subjects
Income tax creditsIncome tax deferralInflation and pricesSecuritiesTax administration and collection, taxpayers
Sign in to write a letter Sign in to watch
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
Jul 22, 2021
Read twice and referred to the Committee on Finance. (Sponsor introductory remarks on measure: CR S5053)
Jul 22, 2021
Introduced in Senate
 Ask about this bill AI · grounded in the bill text

Have a question about what this bill does? Ask in plain English; the answer is drawn from the bill's actual text and official record, and it'll tell you when something isn't in the text rather than guess.

AI answers can be imperfect; always confirm against the full bill text.

 Latest action July 22, 2021

Read twice and referred to the Committee on Finance. (Sponsor introductory remarks on measure: CR S5053)

 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 the age of 18 years, excluding taxpayer dependents. Specifically, it allows an enhanced 50% tax credit, up to $2,000, for deductible retirement savings contributions and for IRA contributions.

The bill also directs the Internal Revenue Service (IRS) to establish the R-Bond Program as a permanent program for the establishment and maintenance of individual retirement plans and directs the IRS to educate taxpayers on the benefits of the savings programs provided by this bill.

 Related & companion bills 1
  • HR 2913 Encouraging Americans to Save Act
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 4
All 4 Democratic 4
D
Bennet, Michael F.
Colorado · Jul 22, 2021
 D
Durbin, Richard J.
Illinois · Jul 22, 2021
 D
Klobuchar, Amy
Minnesota · Jul 22, 2021
 D
Murray, Patty
Washington · Jul 22, 2021
Cite this page click to expand
APA
U.S. Congress. (2026). S. 2452: Encouraging Americans to Save Act. 117th Congress. Open America. https://openamerica.io/bill/117-S-2452/
MLA
"S. 2452: Encouraging Americans to Save Act." 117th Congress, 2026, Open America, https://openamerica.io/bill/117-S-2452/.
Bluebook (legal)
S. 2452, 117th Cong. (2026), https://openamerica.io/bill/117-S-2452/.
Markdown link
[S. 2452: Encouraging Americans to Save Act](https://openamerica.io/bill/117-S-2452/)
Report a problem