3.0.0 3636 2023-01-11T13:40:56Z 2023-01-11T13:40:56Z Senate S 2018-11-15 115 ssfi00 Finance Committee Senate Standing Referred to 2018-11-15T18:52:31Z 2018-11-15 ssfi00 Finance Committee Senate Read twice and referred to the Committee on Finance. (Sponsor introductory remarks on measure: CR S7053-7054) IntroReferral 2018-11-15 Introduced in Senate IntroReferral 10000 9 Library of Congress W000779 Sen. Wyden, Ron [D-OR] Ron Wyden D OR N B001267 Sen. Bennet, Michael F. [D-CO] Michael Bennet D CO 2018-11-15 True C001070 Sen. Casey, Robert P., Jr. [D-PA] Bob Casey D PA 2018-11-15 True K000367 Sen. Klobuchar, Amy [D-MN] Amy Klobuchar D MN 2018-11-15 True C000141 Sen. Cardin, Benjamin L. [D-MD] Ben Cardin D MD 2018-11-15 True C000127 Sen. Cantwell, Maria [D-WA] Maria Cantwell D WA 2018-12-19 False Taxation Bank accounts, deposits, capital Congressional oversight Employee benefits and pensions Government information and archives Income tax credits Income tax deferral Inflation and prices Securities Tax administration and collection, taxpayers Taxation 00 2018-11-15 Introduced in Senate 2019-03-28T19:20:22Z Encouraging Americans to Save Act

This bill replaces the existing saver's tax credit for certain individuals who contribute to retirement accounts with federal matching payments. For individuals with incomes that do not exceed specified levels, the bill requires the federal government to provide matching contributions equal to 50% of up to $1,000 in annual contributions to retirement accounts.

The bill also requires the Department of the Treasury to reestablish the MyRA program, which is a program that establishes and maintains Roth Individual Retirement Accounts for individuals. The investments in the accounts are limited to retirement savings bonds issued by Treasury.

]]> Encouraging Americans to Save Act Display Title Encouraging Americans to Save Act Official Title as Introduced A bill to amend the Internal Revenue Code of 1986 to provide matching payments for retirement savings contributions by certain individuals. Introduced in Senate IS Short Titles as Introduced Encouraging Americans to Save Act Introduced in Senate 2018-11-15T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-115s3636is/xml/BILLS-115s3636is.xml 2018-11-15 Read twice and referred to the Committee on Finance. (Sponsor introductory remarks on measure: CR S7053-7054) 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.