S 4400 · 117th Congress · Taxation

College Savings Recovery Act.

Introduced 2022-06-14· Sponsored by Sen. Burr, Richard [R-NC]· Senate

Bill Progress

✓
Introduced
2
Committee
3
Senate Vote
4
House
5
Enacted
Latest: Read twice and referred to the Committee on Finance.(2022-06-14)

Plain Language Summary

[AI summary unavailable — showing source text] College Savings Recovery Act This bill sets forth a special tax rule allowing a rollover to a Roth Individual Retirement Account (Roth IRA) from a long-term qualified tuition program (i.e., a 529 qualified tuition program) without penalty.…

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

Cosponsors (1)

1 Democrat
Sen. Casey, Robert P., Jr. [D-PA]PA