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- S.3242
S.3242: American Savings Act
About This Bill
- Introduced July 19, 2018
- Latest Major Action July 19, 2018
- See the one similar bills introduced in other congresses.
Bill Sponsor
Bill Version
- Introduced in Senate - July 19, 2018
Bill Summary
American Savings Act This bill amends the Employee Retirement Income Security Act of 1974 (ERISA) and the Internal Revenue Code to establish a new retirement option for all employees and self-employed individuals to be known as the American Savings Account Fund. This fund operates in a manner similar to the Thrift Savings Fund, which is available to federal employees. The bill establishes an American Savings Account Board of Directors to...
(Source: Library of Congress)
Bill Actions
| Date | Description |
|---|---|
| July 19, 2018 |
Read twice and referred to the Committee on Finance.
|
| July 19, 2018 |
Introduced in the Senate by Jeff Merkley (D-Ore.) |