College Savings Recovery Act.

Hozzl · 2022-12-29T17:48:35Z

Explore the details of Senate Bill 4400 College Savings Recovery Act. currently in Congress. Get insights into its purpose, current status, sponsors, and potential impact on Taxation. Stay informed on legislative developments.

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

Democrat Sponsors

Republican Sponsors

Unaffiliated Sponsors

Total Number of Cosponsors

Democrat Cosponsors

Republican Cosponsors

Unaffiliated Cosponsors

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.

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