About This Bill
- Introduced April 3, 2019
- Latest Major Action April 3, 2019
- See the two similar bills introduced in other congresses.
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
Read twice and referred to the Committee on Health, Education, Labor, and Pensions.
Introduced in the Senate by Cory Booker (D-N.J.)