H.R.1377: RAYS Act

About This Bill

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)

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