[Congressional Bills 114th Congress]
[From the U.S. Government Publishing Office]
[S. 3025 Introduced in Senate (IS)]

<DOC>






114th CONGRESS
  2d Session
                                S. 3025

  To amend the Internal Revenue Code of 1986 to permit fellowship and 
 stipend compensation to be saved in an individual retirement account.


_______________________________________________________________________


                   IN THE SENATE OF THE UNITED STATES

                              June 7, 2016

  Ms. Warren (for herself and Mr. Lee) introduced the following bill; 
     which was read twice and referred to the Committee on Finance

_______________________________________________________________________

                                 A BILL


 
  To amend the Internal Revenue Code of 1986 to permit fellowship and 
 stipend compensation to be saved in an individual retirement account.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Graduate Student Savings Act of 
2016''.

SEC. 2. CERTAIN NON-TUITION FELLOWSHIP AND STIPEND PAYMENTS TREATED AS 
              COMPENSATION.

    (a) In General.--Paragraph (1) of section 219(f) of the Internal 
Revenue Code of 1986 is amended by adding at the end the following: 
``Such term includes any amount paid to an individual to aid the 
individual in the pursuit of graduate or postdoctoral study or 
research.''.
    (b) Effective Date.--The amendment made by this section shall apply 
to taxable years beginning after December 31, 2015.
                                 <all>