House
Jan 6, 2009

401Kids 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.

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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