3.0.0 2600 2023-01-01T20:17:46Z 2023-01-01T20:17:46Z Senate S 2021-08-04 117 sshr00 Health, Education, Labor, and Pensions Committee Senate Standing Referred to 2021-08-04T17:46:59Z Refund to Rainy Day Savings Act 117 4986 HR 2021-08-06 Referred to the House Committee on Ways and Means. Related bill CRS 2021-08-04 sshr00 Health, Education, Labor, and Pensions Committee Senate Read twice and referred to the Committee on Health, Education, Labor, and Pensions. IntroReferral 2021-08-04 Introduced in Senate IntroReferral 10000 9 Library of Congress B001288 Sen. Booker, Cory A. [D-NJ] Cory Booker D NJ N Y000064 Sen. Young, Todd [R-IN] Todd Young R IN C. 2021-08-04 True Taxation Taxation 00 2021-08-04 Introduced in Senate 2021-09-21T16:39:59Z Refund to Rainy Day Savings Act

This bill directs the Internal Revenue Service (IRS) to establish and implement the Refund to Rainy Day Savings program (i.e., a program to provide for unexpected expenses) to allow taxpayers to deposit 20% of their income tax refunds into the savings program. The bill sets forth rules for investments in and disbursement from the savings program.

The bill also reauthorizes the Assets for Independence Act for FY2021-FY2025. The IRS may make grants to qualified entities to conduct AFI innovation projects.

The bill directs the Department of Health and Human Services to establish a three-year matched savings account pilot program to encourage savings by participants in the savings program.

]]> Refund to Rainy Day Savings Act Official Title as Introduced A bill to establish the Refund to Rainy Day Savings Program. Introduced in Senate IS Display Title Refund to Rainy Day Savings Act Short Title(s) as Introduced Refund to Rainy Day Savings Act Introduced in Senate IS Introduced in Senate 2021-08-04T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-117s2600is/xml/BILLS-117s2600is.xml 2021-08-04 Read twice and referred to the Committee on Health, Education, Labor, and Pensions. 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.