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United States · Bill · HR

H.R. 2021 (111th)

Savings Recovery Act of 2009

referredUnited States· United States Congress· EN

Introduced

22 April 2009

Last action

21 May 2009 · Referred

Status

Referred to the Subcommittee on Health, Employment, Labor, and Pensions.

Sponsors

Rep. Boehner, John A. [R-OH-8], Rep. Camp, Dave [R-MI-4], Rep. McKeon, Howard P. "Buck" [R-CA-25], Rep. Kline, John [R-MN-2], PATRICK TIBERI, ED ROYCE, SAM JOHNSON, Rep. Bachmann, Michele [R-MN-6], Erik Paulsen, Sen. Heller, Dean [R-NV], Lynn Jenkins, Robert Latta, Brett Guthrie, Rep. Dreier, David [R-CA-33], Pete Sessions, Sen. Blunt, Roy [R-MO], Rep. Lee, Christopher J. [R-NY-26], Rep. Herger, Wally [R-CA-2], Rep. Burton, Dan [R-IN-6], Kevin McCarthy, John Carter, Rep. Pence, Mike [R-IN-6], Adrian Smith, Rep. Paul, Ron [R-TX-22], Rep. Hastings, Doc [R-WA-4], Rep. Manzullo, Donald A. [R-IL-16], Bill Cassidy, Rep. Bono Mack, Mary [R-CA-45], Michael Simpson, Rep. Neugebauer, Randy [R-TX-19], Mario Diaz-Balart, Rep. Cantor, Eric [R-VA-7], Pete Olson, ROBERT GOODLATTE, Rep. Rehberg, Denny [R-MT-At Large], Rep. McCotter, Thaddeus G. [R-MI-11], Ken Calvert

Subjects

Taxation

Source updated

23 March 2026

Taxation

Official sourceDownload fileView documentsShare

Summary

Savings Recovery Act of 2009 - Amends title II (Old Age, Survivors, and Disability Insurance) of the Social Security Act to increase the monthly exempt amount for individuals who have employment income and who have not reached full retirement age between 2008 and 2010. Amends the Internal Revenue Code to: (1) exclude from the gross income of noncorporate taxpayers in 2009 and 2010 dividend income and gain from the sale or exchange of capital assets; (2) increase the limit on the tax deduction for losses from the sale or exchange of capital assets; (3) allow a tax credit for contributions to a qualified tuition program; (4) eliminate the marriage penalty in income limitations for individual retirement account (IRA) contributions; (5) increase the dollar limitation on contributions, including catch-up contributions, to IRAs; and (6) extend through 2012 the suspension of of minimum withdrawal requirements from pension plans. Amends the Employee Retirement Income Security Act of 1974 (ERISA) to provide special rules in 2009 and 2010 for valuation of assets in defined benefit pension plans.

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

Timeline

  1. 22 April 2009

    Introduced

    Referred to the Committee on Ways and Means, and in addition to the Committee on Education and Labor, 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.

    Source: IntroReferral

  2. 22 April 2009

    Introduced

    Referred to House Ways and Means

    Source: IntroReferral

  3. 22 April 2009

    Introduced

    Introduced in House

    Source: IntroReferral

  4. 22 April 2009

    Introduced

    Introduced in House

    Source: IntroReferral

  5. 21 May 2009

    Referred

    Referred to the Subcommittee on Higher Education, Lifelong Learning, and Competitiveness.

    Source: Committee

Votes

No vote records are attached yet.

Versions

Documents

3 official files

Introduced in House (text)

View fileDownload file

Sponsors

Related records

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Sources

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