To provide for each American the opportunity to provide for his or her retirement through a S.A.F.E. account, and for other purposes.
USA115th CongressHR-7349| House
| Updated: 12/19/2018
Pete Sessions
Republican Representative
Texas
Ways and Means Committee, Oversight and Government Reform Committee
- Introduced
- In Committee
- On Floor
- Passed Chamber
- Enacted
Savings Account for Every American Act of 2018 This bill provides for the establishment of tax-exempt savings accounts, which individuals may elect to participate in instead of Social Security. The bill requires (1) employers to maintain payroll deduction programs for the accounts, and (2) employees and employers to make specified contributions to the accounts.
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Timeline
Introduced in House
Referred to the Committee on Ways and Means, and in addition to the Committee on Oversight and Government Reform, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Labor and Employment
Employee benefits and pensionsGovernment employee pay, benefits, personnel managementGovernment information and archivesGovernment studies and investigationsHealth care costs and insuranceIncome tax deductionsIncome tax exclusionLife, casualty, property insuranceLong-term, rehabilitative, and terminal careSelf-employedSocial security and elderly assistanceVeterans' pensions and compensation
To provide for each American the opportunity to provide for his or her retirement through a S.A.F.E. account, and for other purposes.
USA115th CongressHR-7349| House
| Updated: 12/19/2018
Savings Account for Every American Act of 2018 This bill provides for the establishment of tax-exempt savings accounts, which individuals may elect to participate in instead of Social Security. The bill requires (1) employers to maintain payroll deduction programs for the accounts, and (2) employees and employers to make specified contributions to the accounts.
View Full TextSuggested Questions
Get AI-generated questions to help you understand this bill better
Timeline
Introduced in House
Referred to the Committee on Ways and Means, and in addition to the Committee on Oversight and Government Reform, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Pete Sessions
Republican Representative
Texas
Ways and Means Committee, Oversight and Government Reform Committee
Labor and Employment
- Introduced
- In Committee
- On Floor
- Passed Chamber
- Enacted
Employee benefits and pensionsGovernment employee pay, benefits, personnel managementGovernment information and archivesGovernment studies and investigationsHealth care costs and insuranceIncome tax deductionsIncome tax exclusionLife, casualty, property insuranceLong-term, rehabilitative, and terminal careSelf-employedSocial security and elderly assistanceVeterans' pensions and compensation