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<BillSummaries>
<item congress="114" measure-type="hr" measure-number="1125" measure-id="id114hr1125" originChamber="HOUSE" orig-publish-date="2015-02-26" update-date="2015-03-20">
<title>Start Saving Sooner Act of 2015</title>
<summary summary-id="id114hr1125v00" currentChamber="HOUSE" update-date="2015-03-20">
<action-date>2015-02-26</action-date>
<action-desc>Introduced in House</action-desc>
<summary-text><![CDATA[<p><strong>Start Saving Sooner Act of 2015</strong></p> <p> Amends the Internal Revenue Code to establish a tax-exempt individual retirement account for taxpayers under age 18, to be known as a young savers account. Treats such accounts as Roth individual retirement accounts for income tax purposes. Allows the tax credit for retirement savings for contributions to a young savers account. Directs the Secretary of the Treasury to pay any overpayment of tax that is attributable to the tax credit for retirement savings to the taxpayer's young savers account. </p>]]></summary-text>
</summary>
</item>
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<dc:language>EN</dc:language>
<dc:rights>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.</dc:rights>
<dc:contributor>Congressional Research Service, Library of Congress</dc:contributor>
<dc:description>This file contains bill summaries 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.</dc:description>
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