H.R. 4129 · 113th Congress
RAYS Act
- Stage
- In committee
- Sponsor
- Rubén Hinojosa
- Introduced
- 2014-02-28
- Latest action
- 2014-02-28 · Introduced in House
Summary
Roth Accounts for Youth Savings Act of 2014 or the RAYS Act - Amends the Internal Revenue Code, with respect to Roth individual retirement accounts (Roth IRAs), to allow dependents of a taxpayer to establish a Roth IRA (Roth Account for Youth). Disregards any amount in a Roth Account for Youth for purposes of determining elibility for benefits or assistance for a means-tested federal benefit program.