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United States · Bill · HR

H.R. 87 (110th)

401Kids Family Savings Act of 2007

openUnited States· United States Congress· EN

Introduced

4 January 2007

Last action

Status

Sponsor introductory remarks on measure. (CR H3384)

Sponsors

Subjects

Discovery layer

Source updated

14 August 2025

Summary

401Kids Family Savings Act of 2007 - Amends the Economic Growth and Tax Relief Reconciliation Act of 2001 to extend through 2015 provisions allowing increased annual contributions to Coverdell education savings accounts. Amends the Internal Revenue Code to: (1) allow tax-free distributions from a Coverdell education savings account for first-time homebuyer expenses; (2) permit rollovers from Coverdell education savings accounts to Roth individual retirement accounts (Roth IRAs); and (3) rename Coverdell education savings accounts as 401Kids Savings Accounts.

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Documents

3 official files

Introduced in House (text)

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