# 114-hr-4236: Financial Security Credit Act of 2015

114-hr-4236, Financial Security Credit Act of 2015, is a 114th Congress bill sponsored by JOSE SERRANO (D-NY); status Referred to the House Committee on Ways and Means. (as of 2025-11-18).

- Canonical: https://policyrisk.com/legislation/114-hr-4236
- 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-4236
- Congress: 114
- Title: Financial Security Credit Act of 2015
- Status: Referred to the House Committee on Ways and Means.
- Introduced: 2015-12-10
- Sponsor: JOSE SERRANO (D-NY)
- Cosponsors: 17
- Policy area: Taxation
- Touches household money: no
- Last recorded action: 2025-11-18

## Summary

Financial Security Credit Act of 2015 This bill amends the Internal Revenue Code to allow an income-based tax credit equal to the lesser of $500 or 50% of the total amount deposited or contributed into designated savings products in a taxable year (financial security credit). A "designated savings product" is a qualified retirement plan, a qualified tuition plan, a Coverdell education savings account, a U.S. savings bond, a certificate of deposit with a duration of at least eight months, a savings account, or other savings product considered appropriate by the Department of the Treasury. The Internal Revenue Service must notify individual taxpayers who may qualify for a financial security credit that they have the option of an electronic direct deposit if they deposit any portion of their tax refund into a designated savings product.

## Cosponsors (17)

- JOSEPH CROWLEY (D-NY), 2015-12-10T00:00:00.000Z
- Rep. Ellison, Keith [D-MN-5] (D-MN), 2015-12-10T00:00:00.000Z
- RUBEN HINOJOSA (D-TX), 2015-12-10T00:00:00.000Z
- Rep. Meng, Grace [D-NY-6] (D-NY), 2015-12-10T00:00:00.000Z
- Resident Commissioner Pierluisi, Pedro R. [D-PR-At Large] (D-PR), 2015-12-10T00:00:00.000Z
- Rep. Cartwright, Matt [D-PA-8] (D-PA), 2015-12-10T00:00:00.000Z
- RICHARD NOLAN (D-MN), 2015-12-10T00:00:00.000Z
- Rep. DeLauro, Rosa L. [D-CT-3] (D-CT), 2015-12-10T00:00:00.000Z
- Rep. Vargas, Juan [D-CA-52] (D-CA), 2015-12-10T00:00:00.000Z
- Rep. Roybal-Allard, Lucille [D-CA-40] (D-CA), 2015-12-10T00:00:00.000Z
- Rep. Lujan Grisham, Michelle [D-NM-1] (D-NM), 2015-12-10T00:00:00.000Z
- Sen. Luján, Ben Ray [D-NM] (D-NM), 2015-12-10T00:00:00.000Z
- Rep. Jeffries, Hakeem S. [D-NY-8] (D-NY), 2015-12-10T00:00:00.000Z
- Rep. Clarke, Yvette D. [D-NY-9] (D-NY), 2015-12-10T00:00:00.000Z
- Rep. Velázquez, Nydia M. [D-NY-7] (D-NY), 2015-12-10T00:00:00.000Z
- Rep. Hastings, Alcee L. [D-FL-20] (D-FL), 2015-12-10T00:00:00.000Z
- Rep. Richmond, Cedric L. [D-LA-2] (D-LA), 2016-05-10T00:00:00.000Z

## Related bills

- 114-hr-5044: Making supplemental appropriations for fiscal year 2016 to respond to Zika virus.
- 114-hr-4592: Naismith Memorial Basketball Hall of Fame Commemorative Coin Act
- 114-hr-3308: Seniors Have Eyes, Ears, and Teeth Act
- 114-hr-1786: James Zadroga 9/11 Health and Compensation Reauthorization Act
- 114-hr-1619: Paycheck Fairness Act
- 114-hr-1434: Bank on Students Emergency Loan Refinancing Act

## Sources
- [114-hr-4236 on Congress.gov](https://www.congress.gov/bill/114th-congress/house-bill/4236)

## Related
- [114-hr-5044: Making supplemental appropriations for fiscal year 2016 to respond to Zika viru…](https://policyrisk.com/legislation/114-hr-5044)
- [114-hr-4592: Naismith Memorial Basketball Hall of Fame Commemorative Coin Act](https://policyrisk.com/legislation/114-hr-4592)
- [114-hr-3308: Seniors Have Eyes, Ears, and Teeth Act](https://policyrisk.com/legislation/114-hr-3308)
- [114-hr-1786: James Zadroga 9/11 Health and Compensation Reauthorization Act](https://policyrisk.com/legislation/114-hr-1786)
- [114-hr-1619: Paycheck Fairness Act](https://policyrisk.com/legislation/114-hr-1619)
- [114-hr-1434: Bank on Students Emergency Loan Refinancing Act](https://policyrisk.com/legislation/114-hr-1434)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/114-hr-4236 (as of 2025-11-18).