H.R. 7349 · 115th Congress
Savings Account for Every American Act of 2018
- Stage
- In committee
- Sponsor
- Pete Sessions
- Introduced
- 2018-12-19
- Latest action
- 2018-12-19 · Introduced in House
Summary
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.