House
Jan 6, 2009401Kids Family Savings Act of 2009
Summary
Official
401Kids Family Savings Act of 2009 - Amends the Economic Growth and Tax Relief Reconciliation Act of 2001 to extend through 2015 provisions allowing increased annual contributions to Coverdell education savings accounts. Amends the Internal Revenue Code to: (1) allow tax-free distributions from a Coverdell education savings account for first-time homebuyer expenses; (2) permit rollovers from Coverdell education savings accounts to Roth individual retirement accounts (Roth IRAs); and (3) rename Coverdell education savings accounts as 401Kids Savings Accounts.
Bill Progress
Bill has been introduced and assigned a number
Introduced(1/6/09)
Committee
Passed
House
Passed
Senate
President
Law
Sponsor
JB
Mr. BIGGERT
(R) IL – 13
Cosponsors (18)
Topics
Latest Action
Referred to the House Committee on Ways and Means.
Jan 6, 2009
View Bill on Congress.gov