H.R.1322: Small Savers Retirement Enhancement Act

About This Bill

  • This bill was introduced in the 106th Congress
  • This bill is primarily about taxation
  • Introduced March 25, 1999
  • Latest Major Action March 25, 1999

Bill Cosponsors

224 (64 Democrats, 161 Republicans)

Bill Summary

Small Savers Retirement Enhancement Act - Amends the Internal Revenue Code to increase from $2,000 to $5,000 the annual limits on an individual's contributions to his or her individual retirement account (IRA). Mandates annual indexing of the $2,000 deductible portion of such contributions.

(Source: Library of Congress)

Bill Actions

Date Description
Referred to the House Committee on Ways and Means.
March 25, 1999

Introduced in the House by Elton Gallegly (R-Calif.)

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