[Congressional Bills 116th Congress]
[From the U.S. Government Publishing Office]
[S. 448 Introduced in Senate (IS)]

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116th CONGRESS
  1st Session
                                 S. 448

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


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                   IN THE SENATE OF THE UNITED STATES

                           February 12, 2019

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

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                                 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 
2019''.

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, 2019.
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