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- H.R.1377
H.R.1377: RAYS Act
About This Bill
- Introduced March 16, 2015
- Latest Major Action March 16, 2015
- See the one similar bills introduced in other congresses.
Bill Sponsor
Bill Cosponsors
5 (3 Democrats, 2 Republicans)
Bill Summary
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.
(Source: Library of Congress)
Bill Actions
| Date | Description |
|---|---|
| March 16, 2015 |
Referred to the House Committee on Ways and Means.
|
| March 16, 2015 |
Introduced in the House by Rubén Hinojosa (D-Texas) |