Graduate Student Savings Act of 2019

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IntroducedPassed one chamberPassed both chambersBecame law (gold)Resolution agreed to (full, dark)Failed or vetoed (gray)

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Never voted on. It didn't reach a floor vote before the 116th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.

D KennedySponsor

11 cosponsors · 9 D, 2 R

2 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.

This bill allows funds paid to an individual to aid in the pursuit of graduate or postdoctoral study or research to be saved in an Individual Retirement Account (IRA).

What it does: CRS summary · Introduced in House · Feb 13, 2019

Graduate Student Savings Act of 2019

This bill allows funds paid to an individual to aid in the pursuit of graduate or postdoctoral study or research to be saved in an Individual Retirement Account (IRA). The bill permits the funds to be considered compensation for purposes of current law provisions that limit annual deductible IRA contributions to the lesser of (1) the deductible amount permitted under current law, or (2) the compensation includible in the individual's gross income for the year.

Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov

About this bill and sources

Official title: Graduate Student Savings Act of 2019

Latest action (Feb 13, 2019): Referred to the House Committee on Ways and Means.

Policy area: Taxation · Origin: House · Introduced: Feb 13, 2019

Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)

No recorded floor vote found.