3.0.0 5281 2023-01-11T13:25:54Z 2023-01-11T13:25:54Z House H HR 2014-07-30 113 From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. HANNA:H.R. 5281.Congress has the power to enact this legislation pursuantto the following:This bill is enacted pursuant to Clause 1 of Section 8 ofArticle 1 of the United States Constitution.[Page H7127]]]> hswm00 Ways and Means Committee House Standing Referred to 2014-07-30T14:05:40Z 2014-07-30 Referred to the House Committee on Ways and Means. IntroReferral H11100 2 House floor actions hswm00 Ways and Means Committee 2014-07-30 Introduced in House IntroReferral Intro-H 9 Library of Congress 2014-07-30 Introduced in House IntroReferral 1000 9 Library of Congress H001051 Rep. Hanna, Richard L. [R-NY-22] Richard Hanna R NY L. 22 N K000188 Rep. Kind, Ron [D-WI-3] RON KIND D WI 3 2014-07-30 True B000574 Rep. Blumenauer, Earl [D-OR-3] EARL BLUMENAUER D OR 3 2014-12-12 False Taxation Employee benefits and pensions Income tax credits Income tax exclusion Taxation

00 2014-07-30 Introduced in House 2014-10-06T17:39:41Z Young Savers Security in Retirement Act of 2014 - Amends the Internal Revenue Code to establish a tax-exempt individual retirement account for taxpayers under age 18, to be known as a young savers account. Treats such accounts as Roth individual retirement accounts for income tax purposes. Allows the tax credit for retirement savings for contributions to a young savers account. Directs the Secretary of the Treasury to pay any overpayment of tax that is attributable to the tax credit for retirement savings to the taxpayer's young savers account.

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Display Title Official Title as Introduced Introduced in House IH Short Titles as Introduced Introduced in House 2014-07-30T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-113hr5281ih/xml/BILLS-113hr5281ih.xml 2014-07-30 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.