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- H.R.822
H.R.822: Middle Class Flexible Savings Act of 1993
About This Bill
- This bill was introduced in the 103rd Congress
- This bill is primarily about education
- Introduced Feb. 4, 1993
- Latest Major Action Feb. 4, 1993
Bill Sponsor
Bill Cosponsors
15 (11 Democrats, 4 Republicans)
Bill Summary
Middle Class Flexible Savings Act of 1993 - Amends the Internal Revenue Code to increase the retirement savings deduction and the maximum individual retirement account contribution from $2,000 to $3,000. Raises income phase-out limits. Provides an inflation adjustment for such amounts. Allows higher retirement savings deductions for nonworking spouses in households with one or more children under the age of six. Allows penalty-free...
(Source: Library of Congress)
Bill Actions
| Date | Description |
|---|---|
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Sponsor introductory remarks on measure.
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Referred to the House Committee on Ways and Means.
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| Feb. 4, 1993 |
Introduced in the House by George E. Brown (D-Calif.) |