Graduate Student Savings Act of 2016

Summary

Graduate Student Savings Act of 2016 This bill amends the Internal Revenue Code to allow funds paid to an individual to aid in the pursuit of graduate or postdoctoral study or research to be saved in an Individual Retirement Account (IRA). The bill permits the funds to be considered compensation for purposes of current law provisions that limit annual deductible IRA contributions to the lesser of: (1) the deductible amount permitted under current law, or (2) the compensation includible in the individual's gross income for the year.

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Timeline

1. 7 June 2016

   Introduced

   Read twice and referred to the Committee on Finance.

   Source: IntroReferral

2. 7 June 2016

   Introduced

   Introduced in Senate

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in Senate · 7 June 2016 · Official file

Documents

3 official files

• Introduced in Senate (text)

  Introduced in Senate · EN · 7 June 2016

  ViewDownloadOpen at official source

• Introduced in Senate (PDF)

  Introduced in Senate · EN · 7 June 2016

  ViewDownloadOpen at official source

• Introduced in Senate

  summary · EN · 7 June 2016

  Open at official source

Sponsors

• Elizabeth Warren · D · Sponsor
• Mike Lee · R · Sponsor
• · ssfi00 · Standing

Related records

• related to → Graduate Student Savings Act of 2017
• related to ← Graduate Student Savings Act of 2016