# 114-hr-6470: Graduate Student Savings Act of 2016

114-hr-6470, Graduate Student Savings Act of 2016, is a 114th Congress bill sponsored by Rep. Kennedy, Joseph P., III [D-MA-4] (D-MA); status Referred to the House Committee on Ways and Means. (as of 2025-11-18).

- Canonical: https://policyrisk.com/legislation/114-hr-6470
- 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-6470
- Congress: 114
- Title: Graduate Student Savings Act of 2016
- Status: Referred to the House Committee on Ways and Means.
- Introduced: 2016-12-07
- Sponsor: Rep. Kennedy, Joseph P., III [D-MA-4] (D-MA)
- Cosponsors: 1
- Policy area: Taxation
- Touches household money: no
- Last recorded action: 2025-11-18

## 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.

## Cosponsors (1)

- Rep. Messer, Luke [R-IN-6] (R-IN), 2016-12-07T00:00:00.000Z

## Related bills

- 114-hr-5722: John F. Kennedy Centennial Commission Act
- 114-hr-5621: To posthumously award a Congressional Gold Medal to Lawrence Eugene "Larry" Doby in recognition of his achievements and contributions to American major league…
- 114-hr-5587: Strengthening Career and Technical Education for the 21st Century Act
- 114-hr-4592: Naismith Memorial Basketball Hall of Fame Commemorative Coin Act
- 114-hr-4352: Faster Care for Veterans Act of 2016
- 114-hr-4333: Zero Tolerance for Terror Act

## Sources
- [114-hr-6470 on Congress.gov](https://www.congress.gov/bill/114th-congress/house-bill/6470)

## Related
- [114-hr-5722: John F. Kennedy Centennial Commission Act](https://policyrisk.com/legislation/114-hr-5722)
- [114-hr-5621: To posthumously award a Congressional Gold Medal to Lawrence Eugene "Larry" Dob…](https://policyrisk.com/legislation/114-hr-5621)
- [114-hr-5587: Strengthening Career and Technical Education for the 21st Century Act](https://policyrisk.com/legislation/114-hr-5587)
- [114-hr-4592: Naismith Memorial Basketball Hall of Fame Commemorative Coin Act](https://policyrisk.com/legislation/114-hr-4592)
- [114-hr-4352: Faster Care for Veterans Act of 2016](https://policyrisk.com/legislation/114-hr-4352)
- [114-hr-4333: Zero Tolerance for Terror Act](https://policyrisk.com/legislation/114-hr-4333)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/114-hr-6470 (as of 2025-11-18).