S. 2478 · 114th Congress
SAVINGS Act
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Never voted on. It didn't reach a floor vote before the 114th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
D
MurraySponsor6 cosponsors · 3 D, 2 R, 1 I
4 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.
Save Access to a Valuable Investment Needed to Generate Savings Act of 2016 or the SAVINGS Act
What it does: CRS summary · Introduced in Senate · Feb 2, 2016
Save Access to a Valuable Investment Needed to Generate Savings Act of 2016 or the SAVINGS Act
This bill directs the Department of the Treasury to allow: (1) an individual taxpayer to use a portion or all of a tax refund to purchase U.S. savings bonds in paper form for the taxpayer or for any individual designated by the taxpayer; or (2) an option for a tax return that allows for the gifting of such bonds and that serves individuals who rarely, if ever, have held a bank account and individuals who lack access to the Internet.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: SAVINGS Act
Also known as: Save Access to a Valuable Investment Needed to Generate Savings Act of 2016
Latest action (Feb 2, 2016): Read twice and referred to the Committee on Finance.
Policy area: Taxation · Origin: Senate · Introduced: Feb 2, 2016
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.