Bill114th CongressFiled Mar 16, 2015Taxation
H.R. 1377
Roth Accounts for Youth Savings Act of 2015
Bill journey · stage 2 of 5
Under committee review
FiledFiled
CommitteeComm.
PassedFloor
Both ChambersBoth
Became LawLaw
What it doesSummary introduced in house (Mar 16, 2015)
Roth Accounts for Youth Savings Act of 2015 or the RAYS Act
This bill amends the Internal Revenue Code to allow dependents of a taxpayer to establish a tax-preferred savings account similar to the existing Roth Individual Retirement Account, to be known as a Roth Account for Youth. Any amounts in such an account will be disregarded for purposes of determining elibility for benefits or assistance under a means-tested federal benefit program.
What just happenedMar 16, 2015
Referred to the House Committee on Ways and Means.
Who’s behind it
Rep. Hinojosa, Ruben [D-TX-15](D-TX)Sponsor
5 cosponsors3 D2 R
5cosponsors1committees3actions4subjects
- Introduced in HouseMar 16, 2015
- Mar 16, 2015IntroReferralH11100
Referred to the House Committee on Ways and Means.
Ways and Means Committee - Mar 16, 2015IntroReferralIntro-H
Introduced in House
- Mar 16, 2015IntroReferral1000
Introduced in House