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H.R. 5678 98th Congress House

American Passbook Savings Act of 1984

Official title: A bill to provide that interest earned on certain passbook savings accounts shall be excluded from gross income of the taxpayer as an incentive to taxpayers to… Show full official titleShow less

Official title: A bill to provide that interest earned on certain passbook savings accounts shall be excluded from gross income of the taxpayer as an incentive to taxpayers to increase savings in local banks and savings institutions.

Introduced: May 30, 1984 See on congress.gov
Taxation Finance and Financial SectorIncome taxInterestSavings accountsTax exclusion
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This bill died when the 98th Congress ended
It never became law before the 98th Congress (1983–1984) 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
May 17, 1984
Referred to House Committee on Ways and Means.
May 17, 1984
Introduced in House
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 Latest action May 17, 1984

Referred to House Committee on Ways and Means.

 Plain-English summary Congressional Research Service

American Passbook Savings Act of 1984 - Amends the Internal Revenue Code to exclude from gross income up to $5,000 ($10,000 for joint returns) of the interest earned on a passbook savings account.

 Committees of jurisdiction 1
 Cosponsors 5
All 5 Democratic 1 Republican 1
CRANE, PHILIP
· Jun 29, 1984
FROST, MARTIN
· Jun 29, 1984
 R
Rogers, Harold
Kentucky · May 30, 1984
STENHOLM, CHARLES
· May 17, 1984
 D
Wyden, Ron
Oregon · May 17, 1984
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 5678: American Passbook Savings Act of 1984. 98th Congress. Open America. https://openamerica.io/bill/98-HR-5678/
MLA
"H.R. 5678: American Passbook Savings Act of 1984." 98th Congress, 2026, Open America, https://openamerica.io/bill/98-HR-5678/.
Bluebook (legal)
H.R. 5678, 98th Cong. (2026), https://openamerica.io/bill/98-HR-5678/.
Markdown link
[H.R. 5678: American Passbook Savings Act of 1984](https://openamerica.io/bill/98-HR-5678/)
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