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116-hr-6562116th Congress

SAVERS Act

Sponsored By: Representative McHenry, Patrick T. [R-NC-10]

Unknown

Summary

Securing Additional Value for Every Retirement Saver Act or the SAVERS Act This bill increases contribution limits to certain tax-preferred retirement plans in taxable years beginning in 2020 by the lesser of 300% or the compensation of the plan participant that is includible in gross income. For purposes of determining the compensation of plan participants, the bill allows an election to use compensation for 2019 in lieu of 2020.

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Bill Overview

No Economic Impacts Identified for this Bill

Sponsors & CoSponsors

Sponsor

McHenry, Patrick T. [R-NC-10]

NC • R

Cosponsors

  • Rep. Huizenga, Bill [R-MI-4]

    MI • R

    Sponsored 4/24/2020

  • Rep. Emmer, Tom [R-MN-6]

    MN • R

    Sponsored 4/24/2020

  • Rep. Meuser, Daniel [R-PA-9]

    PA • R

    Sponsored 4/24/2020

  • Rep. Wagner, Ann [R-MO-2]

    MO • R

    Sponsored 4/24/2020

  • PETER KING

    NY • R

    Sponsored 4/24/2020

  • Rep. Stivers, Steve [R-OH-15]

    OH • R

    Sponsored 5/1/2020

  • Rep. Kustoff, David [R-TN-8]

    TN • R

    Sponsored 5/1/2020

  • Rep. McCaul, Michael T. [R-TX-10]

    TX • R

    Sponsored 5/1/2020

  • Rep. Riggleman, Denver [R-VA-5]

    VA • R

    Sponsored 5/1/2020

  • Rep. Lesko, Debbie [R-AZ-8]

    AZ • R

    Sponsored 5/26/2020

  • Rep. Wright, Ron [R-TX-6]

    TX • R

    Sponsored 6/24/2020

Roll Call Votes

No roll call votes available for this bill.

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