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H.R. 1194

Referred to Committee

Graduate Student Savings Act of 2019

Introduced 2/13/2019•116th Congress•House

Latest Action

Referred to the House Committee on Ways and Means.

2/13/2019 • House

Summary

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.

Introduced in House • 2/13/2019

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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 (12)

Party Breakdown

10
Democrats
2
Republicans
0
Independents

Sponsor

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

Democrat • MA-4

Sponsored 2/13/2019

Cosponsors (11)

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

R-IN-3

Joined 2/13/2019

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

D-MA-6

Joined 2/13/2019

R[
Rep. Kuster, Ann M. [D-NH-2]

D-NH-2

Joined 9/25/2019

R[
Rep. Keating, William R. [D-MA-9]

D-MA-9

Joined 10/1/2019

R[
R[
Rep. McGovern, James P. [D-MA-2]

D-MA-2

Joined 10/4/2019

Bill Journey

Originated in the House

Introduced

February 13, 2019

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 House2/13/2019

Details

Bill TypeHR
Current StatusReferred to Committee
Cosponsors11