S.1018: Refund to Rainy Day Savings Act

About This Bill

Bill Sponsor

Bill Cosponsors

3 (1 Democrat, 2 Republicans)

Bill Summary

Refund to Rainy Day Savings Act This bill requires the Department of the Treasury to establish and implement a Refund to Rainy Day Savings Program to permit a taxpayer to defer payment on 20% of a tax refund to be deposited into a Treasury account, accumulate interest, and disbursed to the taxpayer in six months. The bill also reauthorizes the Assets for Independence (AFI) federal matched savings program through FY2024 and requires...

(Source: Congressional Research Service)

What Lawmakers Are Saying About This Bill

There are 2 statements associated with S.1018.

Bill Actions

Date Description
April 3
Read twice and referred to the Committee on Health, Education, Labor, and Pensions.
April 3

Introduced in the Senate by Cory Booker (D-N.J.)

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