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College Savings Recovery Act.

12/29/2022, 5:48 PM

Congressional Summary of S 4400

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.

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Current Status of Bill S 4400

Bill S 4400 is currently in the status of Bill Introduced since June 14, 2022. Bill S 4400 was introduced during Congress 117 and was introduced to the Senate on June 14, 2022.  Bill S 4400's most recent activity was Read twice and referred to the Committee on Finance. as of June 14, 2022

Bipartisan Support of Bill S 4400

Total Number of Sponsors
1
Democrat Sponsors
0
Republican Sponsors
1
Unaffiliated Sponsors
0
Total Number of Cosponsors
1
Democrat Cosponsors
1
Republican Cosponsors
0
Unaffiliated Cosponsors
0

Policy Area and Potential Impact of Bill S 4400

Primary Policy Focus

Taxation

Alternate Title(s) of Bill S 4400

College Savings Recovery Act.
College Savings Recovery Act.
A bill to amend the Internal Revenue Code of 1986 to allow for special rollovers to Roth IRAs from long-term qualified tuition programs.

Comments

Sponsors and Cosponsors of S 4400

Richard Burr
Richard Burr
North CarolinaRepublican
Robert P. Casey Jr.
Robert P. Casey Jr.
PennsylvaniaDemocrat

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