3.0.0 1377 2023-01-11T13:28:09Z 2023-01-11T13:28:09Z House HR 2015-03-16 114 [Congressional Record Volume 161, Number 44 (Monday, March 16, 2015)]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. HINOJOSA:H.R. 1377.Congress has the power to enact this legislation pursuantto the following:Article 1, Section 8, Clause 3: The Commerce Clause[Page H1662]]]> hswm00 Ways and Means Committee House Standing Referred to 2015-03-16T16:02:25Z 2015-03-16 Referred to the House Committee on Ways and Means. IntroReferral H11100 2 House floor actions hswm00 Ways and Means Committee 2015-03-16 Introduced in House IntroReferral Intro-H 9 Library of Congress 2015-03-16 Introduced in House IntroReferral 1000 9 Library of Congress H000636 Rep. Hinojosa, Ruben [D-TX-15] RUBEN HINOJOSA D TX 15 N S001187 Rep. Stivers, Steve [R-OH-15] Steve Stivers R OH 15 2015-03-16 True P000611 Rep. Poliquin, Bruce [R-ME-2] Bruce Poliquin R ME 2 2015-07-21 False C001090 Rep. Cartwright, Matt [D-PA-17] Matt Cartwright D PA 17 2015-07-21 False T000473 Rep. Takai, Mark [D-HI-1] Mark Takai D HI 1 2015-11-18 False S000248 Rep. Serrano, Jose E. [D-NY-15] JOSE SERRANO D NY E. 15 2015-11-18 False Taxation Employee benefits and pensions Income tax exclusion Poverty and welfare assistance Tax treatment of families Taxation 00 2015-03-16 Introduced in House 2015-03-20T17:33:01Z Roth Accounts for Youth Savings Act of 2015 or the RAYS Act

This bill amends the Internal Revenue Code to allow dependents of a taxpayer to establish a tax-preferred savings account similar to the existing Roth Individual Retirement Account, to be known as a Roth Account for Youth. Any amounts in such an account will be disregarded for purposes of determining elibility for benefits or assistance under a means-tested federal benefit program.

]]> Roth Accounts for Youth Savings Act of 2015 Display Title Roth Accounts for Youth Savings Act of 2015 Official Title as Introduced To amend the Internal Revenue Code of 1986 to provide for tax preferred savings accounts for dependent youth, and for other purposes. Introduced in House IH Short Titles as Introduced Roth Accounts for Youth Savings Act of 2015 Short Titles as Introduced RAYS Act Introduced in House 2015-03-16T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-114hr1377ih/xml/BILLS-114hr1377ih.xml 2015-03-16 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.