3.0.0 855 2023-01-11T13:35:00Z 2023-01-11T13:35:00Z House HR 2017-02-03 115 [Congressional Record Volume 163, Number 19 (Friday, February 3, 2017)]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. CARTWRIGHT:H.R. 855.Congress has the power to enact this legislation pursuantto the following:Article I, Section 8, Clause 2: The Congress shall havepower to lay and collect taxes, duties, imposts and excises,to pay the debts and provide for the common defense andgeneral welfare of the United States; but all duties, impostsand excises shall be uniform throughout the United States;Article I, Section 8, Clause 3: To regulate commerce withforeign nations, and among the several states, and with theIndian tribes;[Page H977]]]> hswm00 Ways and Means Committee House Standing Referred to 2017-02-03T14:01:45Z Save Access to a Valuable Investment Needed to Generate Savings Act of 2017 115 682 S 2017-03-21 Read twice and referred to the Committee on Finance. Identical bill CRS 2017-02-03 Referred to the House Committee on Ways and Means. IntroReferral H11100 2 House floor actions hswm00 Ways and Means Committee 2017-02-03 Introduced in House IntroReferral Intro-H 9 Library of Congress 2017-02-03 Introduced in House IntroReferral 1000 9 Library of Congress C001090 Rep. Cartwright, Matt [D-PA-17] Matt Cartwright D PA 17 N C000984 Rep. Cummings, Elijah E. [D-MD-7] ELIJAH CUMMINGS D MD E. 7 2017-02-03 True E000288 Rep. Ellison, Keith [D-MN-5] Keith Ellison D MN 5 2017-02-03 True J000290 Rep. Jenkins, Lynn [R-KS-2] Lynn Jenkins R KS 2 2017-02-03 True N000015 Rep. Neal, Richard E. [D-MA-1] RICHARD NEAL D MA E. 1 2017-02-03 True T000465 Rep. Tsongas, Niki [D-MA-3] Niki Tsongas D MA 3 2017-02-03 True L000563 Rep. Lipinski, Daniel [D-IL-3] Daniel Lipinski D IL William 3 2017-02-03 True S001145 Rep. Schakowsky, Janice D. [D-IL-9] JANICE SCHAKOWSKY D IL D. 9 2017-02-03 True G000551 Rep. Grijalva, Raúl M. [D-AZ-3] Raúl Grijalva D AZ M. 3 2017-03-22 False K000381 Rep. Kilmer, Derek [D-WA-6] Derek Kilmer D WA 6 2017-03-22 False C001037 Rep. Capuano, Michael E. [D-MA-7] MICHAEL CAPUANO D MA E. 7 2017-09-26 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 2017-02-03 Introduced in House 2017-02-13T14:06:00Z Save Access to a Valuable Investment Needed to Generate Savings Act of 2017 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 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 House IH Short Titles as Introduced SAVINGS Act Short Titles as Introduced Save Access to a Valuable Investment Needed to Generate Savings Act of 2017 Introduced in House 2017-02-03T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-115hr855ih/xml/BILLS-115hr855ih.xml 2017-02-03 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.