Savings for Working Families Act

[AI summary unavailable — showing source text] TABLE OF CONTENTS: Title I: Individual Development Accounts for Low-Income Workers Title II: Individual Development Account Investment Credits Savings for Working Families Act - States that the purposes of this Act are to provide for the establishment of individual development accounts (IDAs) projects for the following stated objectives: (1) providing individuals and families with limited means an opportunity to accumulate assets and to enter the financial mainstream; (2) promoting education, homeownership, and small business development; and (3) stabilizing families and building communities. Title I: Individual Development Accounts For Low-Income Workers - Sets forth requirements for IDAs for low-income workers, including the following: (1) the basic structure and administration of IDA programs established by qualified financial institutions (QFIs) either alone or in partnership with community-based, nonprofit organizations; (2) procedures for opening an IDA with a QFI and contributing money (of up to a certain amount, except in the case of qualified rollovers) in accordance with specified guidelines to qualify for matching funds from QFIs, State, local, or private sources to be h…