Legis Daily

Graduate Student Savings Act of 2019

USA116th CongressS-448| Senate 
| Updated: 2/12/2019
Elizabeth Warren

Elizabeth Warren

Democratic Senator

Massachusetts

Cosponsors (3)
Mike Lee (Republican)Tim Scott (Republican)Ron Wyden (Democratic)

Finance Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Graduate Student Savings Act of 201 9 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.
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline
Feb 12, 2019
Introduced in Senate
Feb 12, 2019
Read twice and referred to the Committee on Finance.
Feb 13, 2019

Latest Companion Bill Action

HR 116-1194
Introduced in House
  • February 12, 2019
    Introduced in Senate


  • February 12, 2019
    Read twice and referred to the Committee on Finance.


  • February 13, 2019

    Latest Companion Bill Action

    HR 116-1194
    Introduced in House

Taxation

Related Bills

  • HR 116-1865: Further Consolidated Appropriations Act, 2020
  • HR 116-1194: Graduate Student Savings Act of 2019
  • HR 116-1007: Retirement Enhancement and Savings Act of 2019
Employee benefits and pensionsHigher educationIncome tax deductionsStudent aid and college costs

Graduate Student Savings Act of 2019

USA116th CongressS-448| Senate 
| Updated: 2/12/2019
Graduate Student Savings Act of 201 9 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.
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline
Feb 12, 2019
Introduced in Senate
Feb 12, 2019
Read twice and referred to the Committee on Finance.
Feb 13, 2019

Latest Companion Bill Action

HR 116-1194
Introduced in House
  • February 12, 2019
    Introduced in Senate


  • February 12, 2019
    Read twice and referred to the Committee on Finance.


  • February 13, 2019

    Latest Companion Bill Action

    HR 116-1194
    Introduced in House
Elizabeth Warren

Elizabeth Warren

Democratic Senator

Massachusetts

Cosponsors (3)
Mike Lee (Republican)Tim Scott (Republican)Ron Wyden (Democratic)

Finance Committee

Taxation

Related Bills

  • HR 116-1865: Further Consolidated Appropriations Act, 2020
  • HR 116-1194: Graduate Student Savings Act of 2019
  • HR 116-1007: Retirement Enhancement and Savings Act of 2019
  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Employee benefits and pensionsHigher educationIncome tax deductionsStudent aid and college costs