# 114-hr-4094: Universal Savings Account Act

114-hr-4094, Universal Savings Account Act, is a 114th Congress bill sponsored by Rep. Brat, Dave [R-VA-7] (R-VA); status Referred to the House Committee on Ways and Means. (as of 2025-11-18).

- Canonical: https://policyrisk.com/legislation/114-hr-4094
- As of: 2025-11-18
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 114-hr-4094
- Congress: 114
- Title: Universal Savings Account Act
- Status: Referred to the House Committee on Ways and Means.
- Introduced: 2015-11-19
- Sponsor: Rep. Brat, Dave [R-VA-7] (R-VA)
- Cosponsors: 8
- Policy area: Taxation
- Touches household money: no
- Last recorded action: 2025-11-18

## Summary

Universal Savings Account Act This bill amends the Internal Revenue Code to allow for the establishment of Universal Savings Accounts. These Accounts shall be tax-exempt and may be opened by any individual who is at least 18 years of age and a U.S. citizen or legal permanent resident. Contributions to these Accounts must be in cash and may not exceed $5,500 (adjusted annually for inflation) in any calendar year. Distributions from a Universal Savings Account are excluded from the gross income of the account holder for income tax purposes.

## Cosponsors (8)

- Rep. Gosar, Paul A. [R-AZ-9] (R-AZ), 2015-12-07T00:00:00.000Z
- Rep. Franks, Trent [R-AZ-8] (R-AZ), 2015-12-07T00:00:00.000Z
- Rep. Griffith, H. Morgan [R-VA-9] (R-VA), 2015-12-07T00:00:00.000Z
- MATT SALMON (R-AZ), 2015-12-07T00:00:00.000Z
- Rep. Webster, Daniel [R-FL-11] (R-FL), 2016-01-13T00:00:00.000Z
- Rep. Clawson, Curt [R-FL-19] (R-FL), 2016-01-13T00:00:00.000Z
- Rep. Schweikert, David [R-AZ-1] (R-AZ), 2016-06-14T00:00:00.000Z
- Rep. Guinta, Frank C. [R-NH-1] (R-NH), 2016-07-14T00:00:00.000Z

## Related bills

- 114-hr-1190: Protecting Seniors' Access to Medicare Act of 2015
- 114-hr-699: Email Privacy Act
- 114-hr-24: Federal Reserve Transparency Act of 2015
- 114-hr-160: Protect Medical Innovation Act of 2015
- 114-hr-2802: First Amendment Defense Act
- 114-hr-2726: Apollo 11 50th Anniversary Commemorative Coin Act

## Sources
- [114-hr-4094 on Congress.gov](https://www.congress.gov/bill/114th-congress/house-bill/4094)

## Related
- [114-hr-1190: Protecting Seniors' Access to Medicare Act of 2015](https://policyrisk.com/legislation/114-hr-1190)
- [114-hr-699: Email Privacy Act](https://policyrisk.com/legislation/114-hr-699)
- [114-hr-24: Federal Reserve Transparency Act of 2015](https://policyrisk.com/legislation/114-hr-24)
- [114-hr-160: Protect Medical Innovation Act of 2015](https://policyrisk.com/legislation/114-hr-160)
- [114-hr-2802: First Amendment Defense Act](https://policyrisk.com/legislation/114-hr-2802)
- [114-hr-2726: Apollo 11 50th Anniversary Commemorative Coin Act](https://policyrisk.com/legislation/114-hr-2726)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/114-hr-4094 (as of 2025-11-18).