3.0.0 2478 2023-01-11T13:32:02Z 2023-01-11T13:32:02Z Senate S 2016-02-02 114 ssfi00 Finance Committee Senate Standing Referred to 2016-02-02T16:10:12Z SAVINGS Act 114 1652 HR 2015-03-26 Referred to the House Committee on Ways and Means. Related bill CRS 2016-02-02 ssfi00 Finance Committee Senate Read twice and referred to the Committee on Finance. IntroReferral 2016-02-02 Introduced in Senate IntroReferral 10000 9 Library of Congress M001111 Sen. Murray, Patty [D-WA] Patty Murray D WA N C001035 Sen. Collins, Susan M. [R-ME] Susan Collins R ME M. 2016-02-02 True M000934 Sen. Moran, Jerry [R-KS] Jerry Moran R KS 2016-02-02 True M001170 Sen. McCaskill, Claire [D-MO] Claire McCaskill D MO 2016-02-02 True K000383 Sen. King, Angus S., Jr. [I-ME] Angus King I ME S. 2016-02-02 True M000702 Sen. Mikulski, Barbara A. [D-MD] BARBARA MIKULSKI D MD ANN 2016-04-18 False B001230 Sen. Baldwin, Tammy [D-WI] Tammy Baldwin D WI 2016-04-28 False Taxation Financial services and investments Income tax exclusion Interest, dividends, interest rates Securities State and local taxation Tax administration and collection, taxpayers Taxation 00 2016-02-02 Introduced in Senate 2016-03-03T22:33:43Z Save Access to a Valuable Investment Needed to Generate Savings Act of 2016 or the SAVINGS Act

This bill directs the Department of the Treasury to allow: (1) an individual taxpayer to use a portion or all of a tax refund to purchase U.S. savings bonds in paper form for the taxpayer or for any individual designated by the taxpayer; or (2) an option for a tax return that allows for the gifting of such bonds and that serves individuals who rarely, if ever, have held a bank account and individuals who lack access to the Internet.

]]> SAVINGS Act Display Title SAVINGS Act Official Title as Introduced A bill to amend title 31, United States Code, to require the Secretary of the Treasury to provide for the purchase of paper United States savings bonds with tax refunds. Introduced in Senate IS Short Titles as Introduced SAVINGS Act Short Titles as Introduced Save Access to a Valuable Investment Needed to Generate Savings Act of 2016 Introduced in Senate 2016-02-02T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-114s2478is/xml/BILLS-114s2478is.xml 2016-02-02 Read twice and referred to the Committee on Finance. 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.