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- S.2505
S.2505: SAVERS Act of 2016
About This Bill
- Introduced Feb. 4, 2016
- Latest Major Action Feb. 4, 2016
Bill Sponsor
Bill Cosponsors
16 (All Republicans)
Bill Summary
Strengthening Access to Valuable Education and Retirement Support Act of 2016 or the SAVERS Act of 2016 This bill amends the Internal Revenue Code to exempt from the tax on prohibited transactions: (1) the provision of investment advice by a fiduciary to a pension plan, plan participant, or beneficiary which is a best interest recommendation; and (2) any transaction, including a contract for service, between an investment provider and the...
(Source: Library of Congress)
What Lawmakers Are Saying About This Bill
Bill Actions
| Date | Description |
|---|---|
| Feb. 4, 2016 |
Read twice and referred to the Committee on Finance.
|
| Feb. 4, 2016 |
Introduced in the Senate by Mark Steven Kirk (R-Ill.) |