S 1515 · 113th Congress · Taxation

401Kids Family Savings Act of 2013

Introduced 2013-09-18· Sponsored by Sen. Kirk, Mark Steven [R-IL]· Senate

Bill Progress

✓
Introduced
2
Committee
3
Senate Vote
4
House
5
Enacted
Latest: Read twice and referred to the Committee on Finance.(2013-09-18)

Plain Language Summary

[AI summary unavailable — showing source text] 401Kids Family Savings Act of 2013 - Amends the Internal Revenue Code to: (1) rename Coverdell education savings accounts as 401Kids savings accounts, (2) allow the use of such accounts to pay the acquisition costs of a first-time homebuyer, and (3) allow tax-free rollovers of amounts in a 401Kids savings account to a Roth individual retirement account (Roth IRA).…

Summarized by Claude AI · Non-partisan · For informational purposes only