Refund to Rainy Day Savings Act

Summary

Refund to Rainy Day Savings Act This bill directs the Internal Revenue Service (IRS) to establish and implement the Refund to Rainy Day Savings program (i.e., a program to provide for unexpected expenses) to allow taxpayers to deposit 20% of their income tax refunds into the savings program. The bill sets forth rules for investments in and disbursement from the savings program. The bill also reauthorizes the Assets for Independence Act for FY2022-FY2026. The IRS may make grants to qualified entities to conduct AFI innovation projects. The bill directs the Department of Health and Human Services to establish a three-year matched savings account pilot program to encourage savings by participants in the savings program.

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Timeline

1. 6 August 2021

   Introduced

   Referred to the House Committee on Ways and Means.

   Source: IntroReferral

2. 6 August 2021

   Introduced

   Introduced in House

   Source: IntroReferral

3. 6 August 2021

   Introduced

   Introduced in House

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in House · 6 August 2021 · Download file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 6 August 2021

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 6 August 2021

  ViewDownloadOpen at official source

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  Vertaal document

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• Introduced in House

  summary · EN · 6 August 2021

  Open at official source

  Leesvertaling

  Vertaal dit document naar jouw taal. PoliticalRepo bewaart geen aparte kopie per EU-taal.

  Vertaal naarNL · DutchDE · GermanFR · FrenchES · SpanishIT · ItalianPL · PolishPT · PortugueseSV · SwedishDA · DanishFI · FinnishEL · GreekCS · CzechHU · HungarianRO · RomanianBG · BulgarianHR · CroatianSK · SlovakSL · SlovenianLT · LithuanianLV · LatvianET · EstonianGA · IrishMT · Maltese

  Vertaal document

  Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.

Sponsors

• Rep. Watson Coleman, Bonnie [D-NJ-12] · D · Sponsor
• Rep. Hill, J. French [R-AR-2] · R · Sponsor
• Rep. Thompson, Bennie G. [D-MS-2] · D · Sponsor
• Rep. McBath, Lucy [D-GA-6] · D · Cosponsor
• Rep. Schweikert, David [R-AZ-1] · R · Cosponsor
• Rep. Mfume, Kweisi [D-MD-7] · D · Cosponsor
• Del. Norton, Eleanor Holmes [D-DC-At Large] · D · Cosponsor
• · hswm00 · Standing

Related records

• related to → Refund to Rainy Day Savings Act
• related to ← Refund to Rainy Day Savings Act