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United States · Bill · HR

H.R. 1083 (115th)

American Savings Account Act of 2017

referredUnited States· United States Congress· EN

Introduced

15 February 2017

Last action

15 February 2017 · Introduced

Status

Referred to the House Committee on Ways and Means.

Sponsors

Rep. Huffman, Jared [D-CA-2], Rep. Bonamici, Suzanne [D-OR-1], Rep. Lofgren, Zoe [D-CA-18], Rep. Napolitano, Grace F. [D-CA-32], Rep. Garamendi, John [D-CA-8], Rep. Lee, Barbara [D-CA-12], Rep. Thompson, Mike [D-CA-4], Rep. Vargas, Juan [D-CA-52], Rep. Lieu, Ted [D-CA-36], Rep. Takano, Mark [D-CA-39], Rep. Meeks, Gregory W. [D-NY-5], Rep. Conyers, John, Jr. [D-MI-13], Rep. DeLauro, Rosa L. [D-CT-3], Rep. Brownley, Julia [D-CA-26], Rep. Moore, Gwen [D-WI-4], Rep. DeSaulnier, Mark [D-CA-10], Rep. Barragán, Nanette Diaz [D-CA-44], Rep. Capuano, Michael E. [D-MA-8], Rep. Cárdenas, Tony [D-CA-29], Rep. Ellison, Keith [D-MN-5]

Subjects

Taxation

Source updated

11 August 2025

Taxation

Summary

American Savings Account Act of 2017 This bill amends the Internal Revenue Code to establish a new retirement option for all employees and self-employed individuals to be known as the American Savings Account Fund. This fund operates in a manner similar to the Thrift Savings Fund, which is available to federal employees. The bill establishes an American Savings Account Board of Directors to establish policies for fund investment and management. The board shall select or establish a list of investment funds and options similar to those in the Thrift Savings Fund, among which participants may choose. The board shall establish an American Savings Account Fund Advisory Council to advise the board on matters relating to investment policies. The American Savings Account Fund is tax-exempt and contributions to, or distributions from, it are excludible from gross income.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

  1. 15 February 2017

    Introduced

    Referred to the House Committee on Ways and Means.

    Source: IntroReferral

  2. 15 February 2017

    Introduced

    Introduced in House

    Source: IntroReferral

  3. 15 February 2017

    Introduced

    Introduced in House

    Source: IntroReferral

Votes

No vote records are attached yet.

Versions

Documents

3 official files

Introduced in House (text)

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  • Introduced in House (text)

    Introduced in House · EN · 15 February 2017

    ViewDownloadOpen at official source

  • Introduced in House (PDF)

    Introduced in House · EN · 15 February 2017

    ViewDownloadOpen at official source

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  • Introduced in House

    summary · EN · 15 February 2017

    Open at official source

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Sponsors

Related records

Sources

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