3.0.0 2913 2023-03-08T20:26:34Z 2023-03-08T20:26:34Z House HR 2021-04-30 117 [Congressional Record Volume 167, Number 75 (Friday, April 30, 2021)][House]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Ms. CHU:H.R. 2913.Congress has the power to enact this legislation pursuantto the following:Article I, Section 8[Page H2134]]]> hswm00 Ways and Means Committee House Standing Referred to 2021-04-30T13:05:00Z Encouraging Americans to Save Act 117 2452 S 2021-07-22 Read twice and referred to the Committee on Finance. (Sponsor introductory remarks on measure: CR S5053) Related bill CRS 2021-04-30 Referred to the House Committee on Ways and Means. IntroReferral H11100 2 House floor actions hswm00 Ways and Means Committee 2021-04-30 Introduced in House IntroReferral Intro-H 9 Library of Congress 2021-04-30 Introduced in House IntroReferral 1000 9 Library of Congress C001080 Rep. Chu, Judy [D-CA-27] Judy Chu D CA 27 N P000613 Rep. Panetta, Jimmy [D-CA-20] Jimmy Panetta D CA 20 2021-04-30 True S001185 Rep. Sewell, Terri A. [D-AL-7] Terri Sewell D AL A. 7 2021-04-30 True 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 2021-04-30 Introduced in House 2021-06-28T12:56:58Z Encouraging Americans to Save Act

This bill sets forth provisions to provide matching payments for retirement savings and Individual Retirement Account (IRA) contributions for individuals who have attained age 18, excluding dependents and full-time students. Specifically, it allows an enhanced 50% tax credit, up to $3,000, for deductible retirement savings contributions and for IRA contributions.

The bill also directs the Department of the Treasury to establish a permanent program to be known as the MyRA Program to allow individuals or employers to establish a Roth IRA. Treasury must also take steps to increase public awareness of the benefits of this bill and the MyRA Program in particular.

]]> Encouraging Americans to Save Act Display Title Encouraging Americans to Save Act Official Title as Introduced To amend the Internal Revenue Code of 1986 to provide matching payments for retirement savings contributions by certain individuals. Introduced in House IH Short Title(s) as Introduced Encouraging Americans to Save Act Introduced in House IH Introduced in House 2021-04-30T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-117hr2913ih/xml/BILLS-117hr2913ih.xml 2021-04-30 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.