3.0.0 1514 2023-01-11T19:52:05Z 2023-01-11T19:52:05Z House H HR 2007-03-14 110 hswm00 Ways and Means Committee House Standing Referred to 2007-03-14T14:00:15Z Savings for Working Families Act of 2007 110 892 HR 2007-02-07 Referred to the House Committee on Ways and Means. Related bill CRS Savings for Working Families Act of 2007 110 871 S 2007-03-14 Read twice and referred to the Committee on Finance. Related bill CRS 2007-03-14 Referred to the House Committee on Ways and Means. IntroReferral H11100 2 House floor actions hswm00 Ways and Means Committee 2007-03-14 Sponsor introductory remarks on measure. (CR E550) IntroReferral B00100 9 Library of Congress 2007-03-14 Introduced in House IntroReferral Intro-H 9 Library of Congress 2007-03-14 Introduced in House IntroReferral 1000 9 Library of Congress J000284 Rep. Jones, Stephanie Tubbs [D-OH-11] STEPHANIE JONES D OH TUBBS 11 N P000373 Rep. Pitts, Joseph R. [R-PA-16] JOSEPH PITTS R PA R. 16 2007-03-14 True E000287 Rep. Emanuel, Rahm [D-IL-5] Rahm Emanuel D IL 5 2007-03-14 True E000187 Rep. English, Phil [R-PA-3] PHIL ENGLISH R PA 3 2007-03-14 True M000485 Rep. McIntyre, Mike [D-NC-7] MIKE MCINTYRE D NC 7 2007-03-14 True B000755 Rep. Brady, Kevin [R-TX-8] KEVIN BRADY R TX 8 2007-03-14 True A000014 Rep. Abercrombie, Neil [D-HI-1] NEIL ABERCROMBIE D HI 1 2007-03-28 False D000597 Rep. Davis, Jo Ann [R-VA-1] JO ANN DAVIS R VA 1 2007-03-28 False S001143 Rep. Souder, Mark E. [R-IN-3] MARK SOUDER R IN EDWARD 3 2007-03-28 False L000560 Rep. Larsen, Rick [D-WA-2] RICK LARSEN D WA 2 2007-03-28 False S001144 Rep. Shays, Christopher [R-CT-4] CHRISTOPHER SHAYS R CT 4 2007-03-28 False F000116 Rep. Filner, Bob [D-CA-51] BOB FILNER D CA 51 2007-03-28 False T000459 Rep. Terry, Lee [R-NE-2] LEE TERRY R NE 2 2007-03-28 False M000087 Rep. Maloney, Carolyn B. [D-NY-14] CAROLYN MALONEY D NY B. 14 2007-03-28 False J000126 Rep. Johnson, Eddie Bernice [D-TX-30] EDDIE JOHNSON D TX BERNICE 30 2007-03-28 False B000287 Rep. Becerra, Xavier [D-CA-31] XAVIER BECERRA D CA 31 2007-04-18 False P000585 Rep. Platts, Todd Russell [R-PA-19] TODD PLATTS R PA RUSSELL 19 2007-04-18 False C001049 Rep. Clay, Wm. Lacy [D-MO-1] WM. CLAY D MO LACY 1 2007-04-18 False H001029 Rep. Hayes, Robin [R-NC-8] ROBIN HAYES R NC 8 2007-04-18 False C001068 Rep. Cohen, Steve [D-TN-9] Steve Cohen D TN 9 2007-04-18 False D000216 Rep. DeLauro, Rosa L. [D-CT-3] ROSA DELAURO D CT 3 2007-04-24 False R000395 Rep. Rogers, Harold [R-KY-5] HAROLD ROGERS R KY 5 2007-04-24 False M000472 Rep. McHugh, John M. [R-NY-23] JOHN MCHUGH R NY M. 23 2007-04-24 False G000549 Rep. Gerlach, Jim [R-PA-6] Jim Gerlach R PA 6 2007-04-24 False G000544 Rep. Gonzalez, Charles A. [D-TX-20] CHARLES GONZALEZ D TX A. 20 2007-04-24 False J000255 Rep. Jones, Walter B., Jr. [R-NC-3] WALTER JONES R NC B. 3 2007-04-24 False M001163 Rep. Matsui, Doris O. [D-CA-5] Doris Matsui D CA O. 5 2007-04-26 False W000784 Rep. Wynn, Albert Russell [D-MD-4] ALBERT WYNN D MD R. 4 2007-04-26 False H000636 Rep. Hinojosa, Ruben [D-TX-15] RUBEN HINOJOSA D TX 15 2007-04-26 False D000604 Rep. Dent, Charles W. [R-PA-15] Charles Dent R PA W. 15 2007-05-02 False E000092 Rep. Ehlers, Vernon J. [R-MI-3] VERNON EHLERS R MI J. 3 2007-05-02 False B001254 Rep. Boren, Dan [D-OK-2] Dan Boren D OK 2 2007-05-02 False M001146 Rep. Marshall, Jim [D-GA-8] Jim Marshall D GA 8 2007-05-02 False W000672 Rep. Wolf, Frank R. [R-VA-10] FRANK WOLF R VA R. 10 2007-05-02 False R000515 Rep. Rush, Bobby L. [D-IL-1] BOBBY RUSH D IL L. 1 2007-05-02 False L000397 Rep. Lofgren, Zoe [D-CA-16] ZOE LOFGREN D CA 16 2007-05-10 False M001147 Rep. McCotter, Thaddeus G. [R-MI-11] Thaddeus McCotter R MI G. 11 2007-05-10 False B000574 Rep. Blumenauer, Earl [D-OR-3] EARL BLUMENAUER D OR 3 2007-05-10 False H000676 Rep. Hoekstra, Peter [R-MI-2] PETER HOEKSTRA R MI 2 2007-05-10 False W000794 Rep. Watson, Diane E. [D-CA-33] Diane Watson D CA E. 33 2007-05-17 False W000798 Rep. Walberg, Timothy [R-MI-7] Timothy Walberg R MI 7 2007-05-17 False M001149 Rep. Michaud, Michael H. [D-ME-2] Michael Michaud D ME H. 2 2007-05-17 False A000357 Rep. Allen, Thomas H. [D-ME-1] THOMAS ALLEN D ME H. 1 2007-05-24 False S001145 Rep. Schakowsky, Janice D. [D-IL-9] JANICE SCHAKOWSKY D IL D. 9 2007-05-24 False P000263 Rep. Peterson, John E. [R-PA-5] JOHN PETERSON R PA E. 5 2007-06-05 False D000599 Rep. Davis, Lincoln [D-TN-4] Lincoln Davis D TN 4 2007-06-05 False M001148 Rep. Meek, Kendrick B. [D-FL-17] Kendrick Meek D FL B. 17 2007-06-05 False G000550 Rep. Gingrey, Phil [R-GA-11] Phil Gingrey R GA 11 2007-06-11 False R000571 Rep. Rehberg, Dennis R. [R-MT-At Large] DENNIS REHBERG R MT R. 0 2007-06-11 False B001236 Rep. Boozman, John [R-AR-3] John Boozman R AR 3 2007-06-12 False S000364 Rep. Shimkus, John [R-IL-19] JOHN SHIMKUS R IL M. 19 2007-06-22 False W000800 Rep. Welch, Peter [D-VT-At Large] Peter Welch D VT 0 2007-06-26 False D000603 Rep. Davis, Geoff [R-KY-4] Geoff Davis R KY 4 2007-06-27 False L000293 Rep. Lewis, Ron [R-KY-2] RON LEWIS R KY 2 2007-06-28 False M001134 Rep. Myrick, Sue Wilkins [R-NC-9] SUE MYRICK R NC WILKINS 9 2007-07-10 False W000314 Rep. Wexler, Robert [D-FL-19] ROBERT WEXLER D FL 19 2007-07-11 False F000445 Rep. Forbes, J. Randy [R-VA-4] J. Forbes R VA Randy 4 2007-07-11 False K000172 Rep. Kildee, Dale E. [D-MI-5] DALE KILDEE D MI E. 5 2007-07-11 False C001067 Rep. Clarke, Yvette D. [D-NY-11] Yvette Clarke D NY D. 11 2007-07-16 False C001060 Rep. Carnahan, Russ [D-MO-3] Russ Carnahan D MO 3 2007-07-18 False M001143 Rep. McCollum, Betty [D-MN-4] BETTY MCCOLLUM D MN 4 2007-07-18 False M001140 Rep. Moore, Dennis [D-KS-3] DENNIS MOORE D KS 3 2007-07-19 False W000789 Rep. Wilson, Heather [R-NM-1] HEATHER WILSON R NM 1 2007-07-24 False S001162 Rep. Schwartz, Allyson Y. [D-PA-13] Allyson Schwartz D PA Y. 13 2007-07-26 False W000801 Rep. Wilson, Charles A. [D-OH-6] Charles Wilson D OH A. 6 2007-07-26 False H001042 Rep. Hirono, Mazie K. [D-HI-2] Mazie Hirono D HI K. 2 2007-07-26 False P000587 Rep. Pence, Mike [R-IN-6] MIKE PENCE R IN 6 2007-07-26 False O000006 Rep. Oberstar, James L. [D-MN-8] JAMES OBERSTAR D MN L. 8 2007-08-01 False D000605 Rep. Drake, Thelma D. [R-VA-2] Thelma Drake R VA D. 2 2007-09-05 False P000523 Rep. Price, David E. [D-NC-4] DAVID PRICE D NC E. 4 2007-09-05 False R000568 Rep. Rodriguez, Ciro D. [D-TX-23] CIRO RODRIGUEZ D TX D. 23 2007-09-05 False L000287 Rep. Lewis, John [D-GA-5] JOHN LEWIS D GA 5 2007-09-14 False G000553 Rep. Green, Al [D-TX-9] Al Green D TX 9 2007-09-17 False M000312 Rep. McGovern, James P. [D-MA-3] JAMES MCGOVERN D MA P. 3 2007-09-17 False D000606 Rep. Davis, David [R-TN-1] David Davis R TN 1 2007-09-24 False B001259 Rep. Braley, Bruce L. [D-IA-1] Bruce Braley D IA L. 1 2007-09-25 False S000185 Rep. Scott, Robert C. "Bobby" [D-VA-3] Robert Scott D VA C. "Bobby" 3 2007-09-26 False S001173 Rep. Space, Zachary T. [D-OH-18] Zachary Space D OH T. 18 2007-09-26 False D000598 Rep. Davis, Susan A. [D-CA-53] SUSAN DAVIS D CA A. 53 2007-10-01 False S000030 Rep. Sanchez, Loretta [D-CA-47] LORETTA SANCHEZ D CA 47 2007-10-02 False M001159 Rep. McMorris Rodgers, Cathy [R-WA-5] Cathy McMorris Rodgers R WA 5 2007-10-25 False T000462 Rep. Tiberi, Patrick J. [R-OH-12] PATRICK TIBERI R OH J. 12 2007-11-01 False E000172 Rep. Emerson, Jo Ann [R-MO-8] JO EMERSON R MO ANN 8 2007-11-08 False C000059 Rep. Calvert, Ken [R-CA-44] KEN CALVERT R CA 44 2007-11-08 False B000490 Rep. Bishop, Sanford D., Jr. [D-GA-2] SANFORD BISHOP D GA D. 2 2007-12-13 False J000032 Rep. Jackson-Lee, Sheila [D-TX-18] SHEILA JACKSON-LEE D TX 18 2007-12-17 False W000797 Rep. Wasserman Schultz, Debbie [D-FL-20] Debbie Wasserman Schultz D FL 20 2008-03-04 False R000581 Rep. Richardson, Laura [D-CA-37] Laura Richardson D CA 37 2008-03-31 False S001153 Rep. Solis, Hilda L. [D-CA-32] HILDA SOLIS D CA L. 32 2008-03-31 False J000288 Rep. Johnson, Henry C. "Hank," Jr. [D-GA-4] Henry Johnson D GA C. "Hank" 4 2008-04-08 False M001144 Rep. Miller, Jeff [R-FL-1] Jeff Miller R FL 1 2008-04-08 False S000244 Rep. Sensenbrenner, F. James, Jr. [R-WI-5] F. SENSENBRENNER R WI JAMES 5 2008-05-06 False R000033 Rep. Ramstad, Jim [R-MN-3] JIM RAMSTAD R MN 3 2008-05-06 False C001053 Rep. Cole, Tom [R-OK-4] Tom Cole R OK 4 2008-06-20 False T000326 Rep. Towns, Edolphus [D-NY-10] EDOLPHUS TOWNS D NY 10 2008-07-08 False Taxation Bank accounts Bank records Capital College costs Community development banking 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 2007-03-14 Introduced in House 2007-03-24T15:58:17Z Savings for Working Families Act of 2007 - 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 2007 Official Title as Introduced To establish and provide for the treatment of Individual Development Accounts, and for other purposes. Introduced in House IH Display Title Savings for Working Families Act of 2007 Short Titles as Introduced Savings for Working Families Act of 2007 Introduced in House 2007-03-14T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-110hr1514ih/xml/BILLS-110hr1514ih.xml 2007-03-14 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.