3.0.0 4751 2023-01-13T04:49:10Z 2023-01-13T04:49:10Z House H HR 2006-02-14 109 hswm00 Ways and Means Committee House Standing Referred to 2006-02-14T19:01:50Z Savings for Working Families Act of 2005 109 922 S 2005-04-27 Read twice and referred to the Committee on Finance. Related bill CRS 2006-02-14 Referred to the House Committee on Ways and Means. IntroReferral H11100 2 House floor actions hswm00 Ways and Means Committee 2006-02-14 Introduced in House IntroReferral Intro-H 9 Library of Congress 2006-02-14 Introduced in House IntroReferral 1000 9 Library of Congress P000373 Rep. Pitts, Joseph R. [R-PA-16] JOSEPH PITTS R PA R. 16 N J000284 Rep. Jones, Stephanie Tubbs [D-OH-11] STEPHANIE JONES D OH TUBBS 11 2006-02-14 True E000187 Rep. English, Phil [R-PA-3] PHIL ENGLISH R PA 3 2006-02-14 True M000485 Rep. McIntyre, Mike [D-NC-7] MIKE MCINTYRE D NC 7 2006-02-14 True H001033 Rep. Hart, Melissa A. [R-PA-4] MELISSA HART R PA A. 4 2006-02-14 True H000213 Rep. Harman, Jane [D-CA-36] JANE HARMAN D CA 36 2006-02-14 True O000006 Rep. Oberstar, James L. [D-MN-8] JAMES OBERSTAR D MN L. 8 2006-03-01 False B000490 Rep. Bishop, Sanford D., Jr. [D-GA-2] SANFORD BISHOP D GA D. 2 2006-03-01 False S001154 Rep. Shuster, Bill [R-PA-9] Bill Shuster R PA 9 2006-03-01 False E000092 Rep. Ehlers, Vernon J. [R-MI-3] VERNON EHLERS R MI J. 3 2006-03-01 False M000472 Rep. McHugh, John M. [R-NY-23] JOHN MCHUGH R NY M. 23 2006-03-07 False M001147 Rep. McCotter, Thaddeus G. [R-MI-11] Thaddeus McCotter R MI G. 11 2006-03-07 False C001053 Rep. Cole, Tom [R-OK-4] Tom Cole R OK 4 2006-03-14 False M000523 Rep. McKinney, Cynthia A. [D-GA-4] CYNTHIA MCKINNEY D GA A. 4 2006-03-14 False S001143 Rep. Souder, Mark E. [R-IN-3] MARK SOUDER R IN EDWARD 3 2006-03-28 False B000586 Rep. Boehlert, Sherwood [R-NY-24] SHERWOOD BOEHLERT R NY L. 24 2006-04-04 False E000287 Rep. Emanuel, Rahm [D-IL-5] Rahm Emanuel D IL 5 2006-04-04 False E000172 Rep. Emerson, Jo Ann [R-MO-8] JO EMERSON R MO ANN 8 2006-04-26 False R000573 Rep. Ross, Mike [D-AR-4] MIKE ROSS D AR 4 2006-05-03 False B000220 Rep. Bass, Charles F. [R-NH-2] CHARLES BASS R NH F. 2 2006-05-10 False G000549 Rep. Gerlach, Jim [R-PA-6] Jim Gerlach R PA 6 2006-05-10 False S000030 Rep. Sanchez, Loretta [D-CA-47] LORETTA SANCHEZ D CA 47 2006-05-10 False D000604 Rep. Dent, Charles W. [R-PA-15] Charles Dent R PA W. 15 2006-05-10 False W000268 Rep. Weldon, Curt [R-PA-7] CURT WELDON R PA 7 2006-05-17 False P000263 Rep. Peterson, John E. [R-PA-5] JOHN PETERSON R PA E. 5 2006-05-17 False H001029 Rep. Hayes, Robin [R-NC-8] ROBIN HAYES R NC 8 2006-05-17 False M000714 Rep. Millender-McDonald, Juanita [D-CA-37] JUANITA MILLENDER-MCDONALD D CA M. 37 2006-05-23 False C000059 Rep. Calvert, Ken [R-CA-44] KEN CALVERT R CA 44 2006-05-25 False M000312 Rep. McGovern, James P. [D-MA-3] JAMES MCGOVERN D MA P. 3 2006-06-08 False D000399 Rep. Doggett, Lloyd [D-TX-25] LLOYD DOGGETT D TX 25 2006-06-08 False G000544 Rep. Gonzalez, Charles A. [D-TX-20] CHARLES GONZALEZ D TX A. 20 2006-06-29 False F000339 Rep. Frank, Barney [D-MA-4] BARNEY FRANK D MA 4 2006-06-29 False N000015 Rep. Neal, Richard E. [D-MA-2] RICHARD NEAL D MA E. 2 2006-06-29 False L000287 Rep. Lewis, John [D-GA-5] JOHN LEWIS D GA 5 2006-06-29 False B000287 Rep. Becerra, Xavier [D-CA-31] XAVIER BECERRA D CA 31 2006-06-29 False K000358 Rep. Kennedy, Mark R. [R-MN-6] MARK KENNEDY R MN R. 6 2006-06-29 False H000636 Rep. Hinojosa, Ruben [D-TX-15] RUBEN HINOJOSA D TX 15 2006-06-29 False M001134 Rep. Myrick, Sue Wilkins [R-NC-9] SUE MYRICK R NC WILKINS 9 2006-06-29 False C000714 Rep. Conyers, John, Jr. [D-MI-14] JOHN CONYERS D MI 14 2006-06-29 False J000255 Rep. Jones, Walter B., Jr. [R-NC-3] WALTER JONES R NC B. 3 2006-07-10 False C001049 Rep. Clay, Wm. Lacy [D-MO-1] WM. CLAY D MO LACY 1 2006-07-10 False F000116 Rep. Filner, Bob [D-CA-51] BOB FILNER D CA 51 2006-07-10 False W000784 Rep. Wynn, Albert Russell [D-MD-4] ALBERT WYNN D MD R. 4 2006-07-10 False G000550 Rep. Gingrey, Phil [R-GA-11] Phil Gingrey R GA 11 2006-07-10 False H000676 Rep. Hoekstra, Peter [R-MI-2] PETER HOEKSTRA R MI 2 2006-07-12 False C001047 Rep. Capito, Shelley Moore [R-WV-2] Shelley Capito R WV Moore 2 2006-07-13 False M001143 Rep. McCollum, Betty [D-MN-4] BETTY MCCOLLUM D MN 4 2006-07-13 False S001162 Rep. Schwartz, Allyson Y. [D-PA-13] Allyson Schwartz D PA Y. 13 2006-07-20 False F000262 Rep. Ford, Harold E., Jr. [D-TN-9] HAROLD FORD D TN E. 9 2006-07-20 False P000422 Rep. Pomeroy, Earl [D-ND-At Large] EARL POMEROY D ND 0 2006-07-28 False C000984 Rep. Cummings, Elijah E. [D-MD-7] ELIJAH CUMMINGS D MD E. 7 2006-09-07 False P000585 Rep. Platts, Todd Russell [R-PA-19] TODD PLATTS R PA RUSSELL 19 2006-09-07 False M000087 Rep. Maloney, Carolyn B. [D-NY-14] CAROLYN MALONEY D NY B. 14 2006-09-07 False R000571 Rep. Rehberg, Dennis R. [R-MT-At Large] DENNIS REHBERG R MT R. 0 2006-09-07 False D000597 Rep. Davis, Jo Ann [R-VA-1] JO ANN DAVIS R VA 1 2006-09-13 False T000459 Rep. Terry, Lee [R-NE-2] LEE TERRY R NE 2 2006-09-13 False W000672 Rep. Wolf, Frank R. [R-VA-10] FRANK WOLF R VA R. 10 2006-09-13 False C001050 Rep. Cardoza, Dennis A. [D-CA-18] Dennis Cardoza D CA A. 18 2006-09-13 False C001060 Rep. Carnahan, Russ [D-MO-3] Russ Carnahan D MO 3 2006-09-19 False S001144 Rep. Shays, Christopher [R-CT-4] CHRISTOPHER SHAYS R CT 4 2006-09-19 False R000395 Rep. Rogers, Harold [R-KY-5] HAROLD ROGERS R KY 5 2006-09-21 False A000014 Rep. Abercrombie, Neil [D-HI-1] NEIL ABERCROMBIE D HI 1 2006-09-21 False H001032 Rep. Holt, Rush [D-NJ-12] RUSH HOLT D NJ D. 12 2006-09-27 False J000126 Rep. Johnson, Eddie Bernice [D-TX-30] EDDIE JOHNSON D TX BERNICE 30 2006-09-29 False F000451 Rep. Fitzpatrick, Michael G. [R-PA-8] Michael Fitzpatrick R PA G. 8 2006-09-29 False K000172 Rep. Kildee, Dale E. [D-MI-5] DALE KILDEE D MI E. 5 2006-12-05 False L000560 Rep. Larsen, Rick [D-WA-2] RICK LARSEN D WA 2 2006-12-05 False B000755 Rep. Brady, Kevin [R-TX-8] KEVIN BRADY R TX 8 2006-12-06 False Taxation Bank accounts Bank records Capital College costs Community development banking Congress Congressional reporting requirements Education Federal aid to Indians Fees Finance and Financial Sector Government Operations and Politics Government paperwork Grants-in-aid Higher education Home ownership Housing and Community Development Housing finance Income tax Minorities Nonprofit organizations Personal budgets Saving and investment Social Welfare Tax credits Tax exclusion Tax exemption Welfare eligibility Taxation 00 2006-02-14 Introduced in House 2006-03-04T14:43:28Z Savings for Working Families Act of 2006 - Allows certain low-income individuals between age 18 and 61 to establish tax-exempt individual development accounts (IDAs) to pay for certain qualified expenses, including education expenses, first-time homebuyer costs, and business capitalization or expansion costs. Sets forth rules for the establishment, maintenance, and termination of IDAs. Permits tax-free withdrawals from IDAs for qualified expenses, but requires IDA beneficiaries to complete one or more financial education courses prior to making an IDA withdrawal.

Allows certain financial institutions, tax-exempt organizations, and Indian tribes to sponsor and administer IDAs. Amends the Internal Revenue Code to allow such entities a business-related tax credit for the cost of administering IDAs and for making matching contributions to IDAs in parallel accounts.

Provides that IDA amounts shall be disregarded for purposes of determining eligibility for assistance under certain means-tested federal programs.

]]> Savings for Working Families Act of 2006 Display Title Savings for Working Families Act of 2006 Official Title as Introduced To establish and provide for the treatment of Individual Development Accounts, and for other purposes. Introduced in House IH Short Titles as Introduced Savings for Working Families Act of 2006 Introduced in House 2006-02-14T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-109hr4751ih/xml/BILLS-109hr4751ih.xml 2006-02-14 Referred to the House Committee on Ways and Means. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.