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114-hr-6470114th Congress

Graduate Student Savings Act of 2016

Sponsored By: Representative Kennedy, Joseph P., III [D-MA-4]

Unknown

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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Bill Overview

No Economic Impacts Identified for this Bill

Sponsors & CoSponsors

Sponsor

Kennedy, Joseph P., III [D-MA-4]

MA • D

Cosponsors

  • Rep. Messer, Luke [R-IN-6]

    IN • R

    Sponsored 12/7/2016

Roll Call Votes

No roll call votes available for this bill.

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