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    <number>1590</number>
    <updateDate>2023-01-13T04:50:20Z</updateDate>
    <updateDateIncludingText>2023-01-13T04:50:20Z</updateDateIncludingText>
    <originChamber>Senate</originChamber>
    <originChamberCode>S</originChamberCode>
    <type>S</type>
    <introducedDate>2005-07-29</introducedDate>
    <congress>109</congress>
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        <systemCode>ssfi00</systemCode>
        <name>Finance Committee</name>
        <chamber>Senate</chamber>
        <type>Standing</type>
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            <name>Referred to</name>
            <date>2005-07-29T22:10:29Z</date>
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    <relatedBills>
      <item>
        <title>401(k) Enhancement Act: Encouraging Retirement Savings</title>
        <congress>109</congress>
        <number>1819</number>
        <type>S</type>
        <latestAction>
          <actionDate>2005-10-04</actionDate>
          <text>Read twice and referred to the Committee on Finance.</text>
        </latestAction>
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        <actionDate>2005-07-29</actionDate>
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            <name>Finance Committee</name>
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        <text>Read twice and referred to the Committee on Finance.</text>
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      <item>
        <actionDate>2005-07-29</actionDate>
        <text>Introduced in Senate</text>
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        <actionCode>10000</actionCode>
        <sourceSystem>
          <code>9</code>
          <name>Library of Congress</name>
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    <sponsors>
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        <bioguideId>B001233</bioguideId>
        <fullName>Sen. Bayh, Evan [D-IN]</fullName>
        <firstName>EVAN</firstName>
        <lastName>BAYH</lastName>
        <party>D</party>
        <state>IN</state>
        <isByRequest>N</isByRequest>
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    </sponsors>
    <policyArea>
      <name>Taxation</name>
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    <subjects>
      <legislativeSubjects>
        <item>
          <name>Administrative procedure</name>
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        <item>
          <name>Civil service retirement</name>
        </item>
        <item>
          <name>Department of Labor</name>
        </item>
        <item>
          <name>Department of the Treasury</name>
        </item>
        <item>
          <name>Federal preemption</name>
        </item>
        <item>
          <name>Government Operations and Politics</name>
        </item>
        <item>
          <name>Income tax</name>
        </item>
        <item>
          <name>Individual retirement accounts</name>
        </item>
        <item>
          <name>Labor and Employment</name>
        </item>
        <item>
          <name>Law</name>
        </item>
        <item>
          <name>Payroll deductions</name>
        </item>
        <item>
          <name>Pension funds</name>
        </item>
        <item>
          <name>State laws</name>
        </item>
        <item>
          <name>Tax credits</name>
        </item>
        <item>
          <name>Tax refunds</name>
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        <item>
          <name>Tax-deferred compensation plans</name>
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      <policyArea>
        <name>Taxation</name>
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      <summary>
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        <actionDate>2005-07-29</actionDate>
        <actionDesc>Introduced in Senate</actionDesc>
        <updateDate>2005-09-14T20:38:27Z</updateDate>
        <text><![CDATA[ <p>Making Savings Automatic Act of 2005 - Amends the Internal Revenue Code to allow: (1) automatic payments to employee pension plans; (2) direct payments of tax refunds to individual retirement plans; (3) a business tax credit for employer costs of a salary reduction arrangement. </p>]]></text>
      </summary>
    </summaries>
    <title>Making Savings Automatic Act of 2005</title>
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        <titleType>Display Title</titleType>
        <title>Making Savings Automatic Act of 2005</title>
      </item>
      <item>
        <titleType>Official Title as Introduced</titleType>
        <title>A bill to amend the Internal Revenue Code of 1986 to increase participation and savings in cash or deferred plans through automatic contribution and default investment arrangements, and for other purposes.</title>
        <billTextVersionName>Introduced in Senate</billTextVersionName>
        <billTextVersionCode>IS</billTextVersionCode>
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      <item>
        <titleType>Short Titles as Introduced</titleType>
        <title>Making Savings Automatic Act of 2005</title>
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        <type>Introduced in Senate</type>
        <date>2005-07-29T04:00:00Z</date>
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    <latestAction>
      <actionDate>2005-07-29</actionDate>
      <text>Read twice and referred to the Committee on Finance.</text>
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    <dc:rights>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.</dc:rights>
    <dc:contributor>Congressional Research Service, Library of Congress</dc:contributor>
    <dc:description>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.</dc:description>
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