H.R.2109: Savings Account for Every American Act of 2011

About This Bill

Bill Summary

Savings Account for Every American Act of 2011 - Allows employees and self-employed individuals with a Social Security number to elect to participate in a S.A.F.E. account. Defines such an account as a trust created exclusively for the benefit of an individual or his or her beneficiaries. Requires: (1) employers of electing employees to establish a payroll deduction program to make employee contributions (6.2% of wages) to such accounts, and...

(Source: Library of Congress)

Bill Actions

Date Description
Referred to the Committee on Ways and Means, and in addition to the Committee on Oversight and Government Reform, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Referred to House Ways and Means
Referred to House Oversight and Government Reform
Referred to the Subcommittee on Federal Workforce, U.S. Postal Service, and Labor Policy .
June 3, 2011

Introduced in the House by Pete Sessions (R-Texas)

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