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H.R. 3136

Referred to Committee

Graduate Student Savings Act of 2017

Introduced 6/29/2017•115th Congress•House

Latest Action

Referred to the House Committee on Ways and Means.

6/29/2017 • House

Summary

Graduate Student Savings Act of 2017

This bill amends the Internal Revenue Code to allow 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.

Introduced in House • 6/29/2017

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Topics & Subjects

Policy Area: Taxation
Employee benefits and pensionsHigher educationIncome tax deductionsStudent aid and college costs

Congressional Votes (0)

No recorded votes yet

Roll call votes will appear here as the bill moves through Congress

Related Federal Spending

Sponsor & Cosponsors (7)

Party Breakdown

3
Democrats
4
Republicans
0
Independents

Sponsor

R[
Rep. Kennedy, Joseph P., III [D-MA-4]

Democrat • MA-4

Sponsored 6/29/2017

Cosponsors (6)

R[
Rep. Messer, Luke [R-IN-6]

R-IN-6

Joined 6/29/2017

R[
Rep. Royce, Edward R. [R-CA-39]

R-CA-39

Joined 6/29/2017

R[
Rep. Neal, Richard E. [D-MA-1]

D-MA-1

Joined 6/29/2017

R[
Rep. Byrne, Bradley [R-AL-1]

R-AL-1

Joined 6/29/2017

R[
Rep. Moulton, Seth [D-MA-6]

D-MA-6

Joined 10/25/2017

R[
Rep. Banks, Jim [R-IN-3]

R-IN-3

Joined 6/19/2018

Bill Journey

Originated in the House

Introduced

June 29, 2017

Referred to the House Committee on Ways and Means.

Committee Review

Floor Debate

Passed Chamber

Other Chamber

President

Enacted into Law

Text Versions (1)

Introduced in House6/29/2017

Details

Bill TypeHR
Current StatusReferred to Committee
Cosponsors6