Bill116th CongressFiled Apr 21, 2020Taxation
H.R. 6562
SAVERS Act
Bill journey · stage 2 of 5
Under committee review
FiledFiled
CommitteeComm.
PassedFloor
Both ChambersBoth
Became LawLaw
What it doesSummary introduced in house (Apr 21, 2020)
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.
What just happenedApr 21, 2020
Referred to the House Committee on Ways and Means.
Who’s behind it
Rep. McHenry, Patrick T. [R-NC-10](R-NC)Sponsor
11 cosponsors11 R
11cosponsors1committees3actions4subjects
- Introduced in HouseApr 21, 2020
- Apr 21, 2020IntroReferralH11100
Referred to the House Committee on Ways and Means.
Ways and Means Committee - Apr 21, 2020IntroReferralIntro-H
Introduced in House
- Apr 21, 2020IntroReferral1000
Introduced in House