H.R. 6562 · 116th Congress
SAVERS Act
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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.
R
McHenrySponsor11 cosponsors · 11 R
R
Emmer
BH
R
Huizenga
PK
R
King
DM
R
Meuser
AW
R
Wagner
DK
R
Kustoff
MM
R
McCaul
DR
R
Riggleman
SS
R
Stivers
DL
R
Lesko
RW
R
Wright0 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.
Securing Additional Value for Every Retirement Saver Act or the SAVERS Act
What it does: CRS summary · Introduced in House · Apr 21, 2020
Securing Additional Value for Every Retirement Saver Act or the SAVERS Act
This bill increases contribution limits to certain tax-preferred retirement plans in taxable years beginning in 2020 by the lesser of 300% or the compensation of the plan participant that is includible in gross income. For purposes of determining the compensation of plan participants, the bill allows an election to use compensation for 2019 in lieu of 2020.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: SAVERS Act
Also known as: Securing Additional Value for Every Retirement Saver Act
Latest action (Apr 21, 2020): Referred to the House Committee on Ways and Means.
Policy area: Taxation · Origin: House · Introduced: Apr 21, 2020
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.