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    <number>5160</number>
    <updateDate>2023-01-11T13:15:16Z</updateDate>
    <updateDateIncludingText>2023-01-11T13:15:16Z</updateDateIncludingText>
    <originChamber>House</originChamber>
    <originChamberCode>H</originChamberCode>
    <type>HR</type>
    <introducedDate>2008-01-29</introducedDate>
    <congress>110</congress>
    <committees>
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        <systemCode>hsed00</systemCode>
        <name>Education and the Workforce Committee</name>
        <chamber>House</chamber>
        <type>Standing</type>
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            <systemCode>hsed02</systemCode>
            <name>Health, Employment, Labor, and Pensions Subcommittee</name>
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                <name>Referred to</name>
                <date>2008-03-11T16:17:01Z</date>
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            <name>Referred to</name>
            <date>2008-01-29T15:34:20Z</date>
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        <name>Ways and Means Committee</name>
        <chamber>House</chamber>
        <type>Standing</type>
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            <name>Referred to</name>
            <date>2008-01-29T15:34:15Z</date>
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        <actionDate>2008-03-11</actionDate>
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            <systemCode>hsed02</systemCode>
            <name>Health, Employment, Labor, and Pensions Subcommittee</name>
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        <text>Referred to the Subcommittee on Health, Employment, Labor, and Pensions.</text>
        <type>Committee</type>
      </item>
      <item>
        <actionDate>2008-01-29</actionDate>
        <text>Referred to the Committee on Ways and Means, and in addition to the Committee on Education and Labor, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.</text>
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            <systemCode>hsed00</systemCode>
            <name>Education and the Workforce Committee</name>
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        <actionDate>2008-01-29</actionDate>
        <text>Referred to the Committee on Ways and Means, and in addition to the Committee on Education and Labor, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.</text>
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          <name>Library of Congress</name>
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      <item>
        <actionDate>2008-01-29</actionDate>
        <text>Referred to the Committee on Ways and Means, and in addition to the Committee on Education and Labor, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.</text>
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        <actionCode>H11100</actionCode>
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          <code>2</code>
          <name>House floor actions</name>
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            <systemCode>hswm00</systemCode>
            <name>Ways and Means Committee</name>
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        <actionDate>2008-01-29</actionDate>
        <text>Introduced in House</text>
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        <actionDate>2008-01-29</actionDate>
        <text>Introduced in House</text>
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    <sponsors>
      <item>
        <bioguideId>K000188</bioguideId>
        <fullName>Rep. Kind, Ron [D-WI-3]</fullName>
        <firstName>RON</firstName>
        <lastName>KIND</lastName>
        <party>D</party>
        <state>WI</state>
        <district>3</district>
        <isByRequest>N</isByRequest>
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    </sponsors>
    <cosponsors>
      <item>
        <bioguideId>H000948</bioguideId>
        <fullName>Rep. Hulshof, Kenny C. [R-MO-9]</fullName>
        <firstName>KENNY</firstName>
        <lastName>HULSHOF</lastName>
        <party>R</party>
        <state>MO</state>
        <middleName>C.</middleName>
        <district>9</district>
        <sponsorshipDate>2008-01-29</sponsorshipDate>
        <isOriginalCosponsor>True</isOriginalCosponsor>
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      <item>
        <bioguideId>E000187</bioguideId>
        <fullName>Rep. English, Phil [R-PA-3]</fullName>
        <firstName>PHIL</firstName>
        <lastName>ENGLISH</lastName>
        <party>R</party>
        <state>PA</state>
        <district>3</district>
        <sponsorshipDate>2008-02-07</sponsorshipDate>
        <isOriginalCosponsor>False</isOriginalCosponsor>
      </item>
      <item>
        <bioguideId>A000357</bioguideId>
        <fullName>Rep. Allen, Thomas H. [D-ME-1]</fullName>
        <firstName>THOMAS</firstName>
        <lastName>ALLEN</lastName>
        <party>D</party>
        <state>ME</state>
        <middleName>H.</middleName>
        <district>1</district>
        <sponsorshipDate>2008-02-26</sponsorshipDate>
        <isOriginalCosponsor>False</isOriginalCosponsor>
      </item>
      <item>
        <bioguideId>B001149</bioguideId>
        <fullName>Rep. Burton, Dan [R-IN-5]</fullName>
        <firstName>DAN</firstName>
        <lastName>BURTON</lastName>
        <party>R</party>
        <state>IN</state>
        <district>5</district>
        <sponsorshipDate>2008-04-08</sponsorshipDate>
        <isOriginalCosponsor>False</isOriginalCosponsor>
      </item>
      <item>
        <bioguideId>M000404</bioguideId>
        <fullName>Rep. McDermott, Jim [D-WA-7]</fullName>
        <firstName>JIM</firstName>
        <lastName>MCDERMOTT</lastName>
        <party>D</party>
        <state>WA</state>
        <district>7</district>
        <sponsorshipDate>2008-06-26</sponsorshipDate>
        <isOriginalCosponsor>False</isOriginalCosponsor>
      </item>
      <item>
        <bioguideId>D000602</bioguideId>
        <fullName>Rep. Davis, Artur [D-AL-7]</fullName>
        <firstName>Artur</firstName>
        <lastName>Davis</lastName>
        <party>D</party>
        <state>AL</state>
        <district>7</district>
        <sponsorshipDate>2008-07-09</sponsorshipDate>
        <isOriginalCosponsor>False</isOriginalCosponsor>
      </item>
    </cosponsors>
    <policyArea>
      <name>Taxation</name>
    </policyArea>
    <subjects>
      <legislativeSubjects>
        <item>
          <name>Commerce</name>
        </item>
        <item>
          <name>Employee benefit plans</name>
        </item>
        <item>
          <name>Income tax</name>
        </item>
        <item>
          <name>Individual retirement accounts</name>
        </item>
        <item>
          <name>Labor and Employment</name>
        </item>
        <item>
          <name>Small business</name>
        </item>
        <item>
          <name>Tax credits</name>
        </item>
        <item>
          <name>Tax penalties</name>
        </item>
      </legislativeSubjects>
      <policyArea>
        <name>Taxation</name>
      </policyArea>
    </subjects>
    <summaries>
      <summary>
        <versionCode>00</versionCode>
        <actionDate>2008-01-29</actionDate>
        <actionDesc>Introduced in House</actionDesc>
        <updateDate>2008-03-04T21:26:08Z</updateDate>
        <text><![CDATA[ <p>Small Businesses Add Value for Employees Act of 2008 or the SAVE Act of 2008 - Amends Internal Revenue Code provisions relating to employer-established simple individual retirement accounts (IRAs) to: (1) repeal certain restrictions on rollovers from simple IRAs: (2) allow employers to elect to terminate qualified salary reduction arrangements at any time during the year; (3) repeal the enhanced 25% penalty on premature withdrawal made from simple IRAs within the first two plan years; (4) allow additional nonelective employer contributions to simple IRAs; (5) establish automatic deferral IRAs; and (6) increase the tax credit for small employer pension plan startup costs. </p>]]></text>
      </summary>
    </summaries>
    <title>Small Businesses Add Value for Employees Act of 2008</title>
    <titles>
      <item>
        <titleType>Display Title</titleType>
        <title>Small Businesses Add Value for Employees Act of 2008</title>
      </item>
      <item>
        <titleType>Official Title as Introduced</titleType>
        <title>To amend the Internal Revenue Code of 1986 to encourage retirement savings by modifying requirements with respect to employer-established IRAs, and for other purposes.</title>
        <billTextVersionName>Introduced in House</billTextVersionName>
        <billTextVersionCode>IH</billTextVersionCode>
      </item>
      <item>
        <titleType>Short Titles as Introduced</titleType>
        <title>Small Businesses Add Value for Employees Act of 2008</title>
      </item>
      <item>
        <titleType>Short Titles as Introduced</titleType>
        <title>SAVE Act of 2008</title>
      </item>
    </titles>
    <textVersions>
      <item>
        <type>Introduced in House</type>
        <date>2008-01-29T05:00:00Z</date>
        <formats>
          <item>
            <url>https://www.govinfo.gov/content/pkg/BILLS-110hr5160ih/xml/BILLS-110hr5160ih.xml</url>
          </item>
        </formats>
      </item>
    </textVersions>
    <latestAction>
      <actionDate>2008-03-11</actionDate>
      <text>Referred to the Subcommittee on Health, Employment, Labor, and Pensions.</text>
    </latestAction>
  </bill>
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    <dc:language>EN</dc:language>
    <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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