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  <bill>
    <number>141</number>
    <updateDate>2023-01-11T20:06:37Z</updateDate>
    <updateDateIncludingText>2023-01-11T20:06:37Z</updateDateIncludingText>
    <originChamber>Senate</originChamber>
    <originChamberCode>S</originChamberCode>
    <type>S</type>
    <introducedDate>2007-01-04</introducedDate>
    <congress>110</congress>
    <committees>
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        <systemCode>ssfi00</systemCode>
        <name>Finance Committee</name>
        <chamber>Senate</chamber>
        <type>Standing</type>
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          <item>
            <name>Referred to</name>
            <date>2007-01-04T22:30:25Z</date>
          </item>
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    </committees>
    <actions>
      <item>
        <actionDate>2007-01-16</actionDate>
        <text>Sponsor introductory remarks on measure. (CR S572-573)</text>
        <type>IntroReferral</type>
        <actionCode>B00100</actionCode>
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          <name>Library of Congress</name>
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        <actionDate>2007-01-04</actionDate>
        <committees>
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            <systemCode>ssfi00</systemCode>
            <name>Finance Committee</name>
          </item>
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        <sourceSystem>
          <name>Senate</name>
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        <text>Read twice and referred to the Committee on Finance.</text>
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        <actionDate>2007-01-04</actionDate>
        <text>Introduced in Senate</text>
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    <sponsors>
      <item>
        <bioguideId>C000127</bioguideId>
        <fullName>Sen. Cantwell, Maria [D-WA]</fullName>
        <firstName>Maria</firstName>
        <lastName>Cantwell</lastName>
        <party>D</party>
        <state>WA</state>
        <isByRequest>N</isByRequest>
      </item>
    </sponsors>
    <policyArea>
      <name>Taxation</name>
    </policyArea>
    <subjects>
      <legislativeSubjects>
        <item>
          <name>College costs</name>
        </item>
        <item>
          <name>Congress</name>
        </item>
        <item>
          <name>Education</name>
        </item>
        <item>
          <name>Education savings accounts</name>
        </item>
        <item>
          <name>Higher education</name>
        </item>
        <item>
          <name>Income tax</name>
        </item>
        <item>
          <name>Sunset legislation</name>
        </item>
        <item>
          <name>Tax deductions</name>
        </item>
        <item>
          <name>Tax exemption</name>
        </item>
        <item>
          <name>Tax penalties</name>
        </item>
        <item>
          <name>Tax returns</name>
        </item>
      </legislativeSubjects>
      <policyArea>
        <name>Taxation</name>
      </policyArea>
    </subjects>
    <summaries>
      <summary>
        <versionCode>00</versionCode>
        <actionDate>2007-01-04</actionDate>
        <actionDesc>Introduced in Senate</actionDesc>
        <updateDate>2007-01-31T23:24:41Z</updateDate>
        <text><![CDATA[ <p>College Savings Act of 2007 - Amends the Internal Revenue Code to: (1) increase the maximum annual contribution limit for Coverdell education savings accounts from $2,000 to $5,000 and make such increase permanent; and (2) allow a tax deduction up to $5,000 for contributions to an education savings account. </p>]]></text>
      </summary>
    </summaries>
    <title>College Savings Act of 2007</title>
    <titles>
      <item>
        <titleType>Official Title as Introduced</titleType>
        <title>A bill to amend the Internal Revenue Code of 1986 to permanently increase the maximum annual contribution allowed to be made to Coverdell education savings accounts, and to provide for a deduction for contributions to education savings accounts.</title>
        <billTextVersionName>Introduced in Senate</billTextVersionName>
        <billTextVersionCode>IS</billTextVersionCode>
      </item>
      <item>
        <titleType>Display Title</titleType>
        <title>College Savings Act of 2007</title>
      </item>
      <item>
        <titleType>Short Titles as Introduced</titleType>
        <title>College Savings Act of 2007</title>
      </item>
    </titles>
    <textVersions>
      <item>
        <type>Introduced in Senate</type>
        <date>2007-01-04T05:00:00Z</date>
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    <latestAction>
      <actionDate>2007-01-16</actionDate>
      <text>Sponsor introductory remarks on measure. (CR S572-573)</text>
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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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