HR 7349 · 115th Congress · Labor and Employment

Savings Account for Every American Act of 2018

Introduced 2018-12-19· Sponsored by Rep. Sessions, Pete [R-TX-32]· House

Bill Progress

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Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the Committee on Ways and Means, and in addition to the Committee on Oversight and Government Reform, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.(2018-12-19)

Plain Language Summary

[AI summary unavailable — showing source text] Savings Account for Every American Act of 2018 This bill provides for the establishment of tax-exempt savings accounts, which individuals may elect to participate in instead of Social Security. The bill requires (1) employers to maintain payroll deduction programs for the accounts, and (2) employees and employers to make specified contributions to the accounts.…

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