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United States · Bill · S

S. 1856 (105th)

Enhanced Savings Opportunities Act

referredUnited States· United States Congress· EN

Introduced

25 March 1998

Last action

25 March 1998 · Introduced

Status

Read twice and referred to the Committee on Finance.

Sponsors

Sen. Grassley, Chuck [R-IA], Sen. Breaux, John B. [D-LA], Sen. Jeffords, James M. [I-VT], Sen. Graham, Bob [D-FL], Sen. Baucus, Max [D-MT], Sen. Hatch, Orrin G. [R-UT]

Subjects

Taxation

Source updated

21 August 2025

Taxation

Summary

Enhanced Savings Opportunities Act - Amends the Internal Revenue Code to permit maximum employee contributions to a defined contribution plan to be the lesser of either $30,000 or the participant's compensation, rather than the lesser of $30,000 or 25 percent of the participant's compensation. Makes conforming amendments regarding tax-exempt, educational, and State and local employee annuity plans.

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

Timeline

  1. 25 March 1998

    Introduced

    Read twice and referred to the Committee on Finance.

    Source: IntroReferral

  2. 25 March 1998

    Introduced

    Sponsor introductory remarks on measure. (CR S2570-2571)

    Source: IntroReferral

  3. 25 March 1998

    Introduced

    Introduced in Senate

    Source: IntroReferral

Votes

No vote records are attached yet.

Versions

Documents

3 official files

Introduced in Senate (text)

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  • Introduced in Senate (text)

    Introduced in Senate · EN · 25 March 1998

    ViewDownloadOpen at official source

  • Introduced in Senate (PDF)

    Introduced in Senate · EN · 25 March 1998

    ViewDownloadOpen at official source

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  • Introduced in Senate

    summary · EN · 25 March 1998

    Open at official source

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Sponsors

Related records

Sources

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