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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

Status

Read twice and referred to the Committee on Finance.

Sponsors

Subjects

Discovery layer

Source updated

21 August 2025

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.

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Documents

3 official files

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Sources

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