US Congress House Bill 153 (Prior Session Legislation)

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Spectrum: Partisan Bill (Republican 6-0)
Status: Introduced on January 6 2009 - 25% progression, died in chamber
Action: 2009-01-13 - Sponsor introductory remarks on measure. (CR E69)
Text: Latest bill text (Introduced) [PDF]

Worker Savings Account Act of 2009 - Amends the Internal Revenue Code to: (1) establish worker savings accounts to make payments to workers during periods of unemployment; (2) treat such accounts in the same manner as individual retirement accounts (IRAs) for tax purposes; (3) allow employer matching contributions to such accounts; (4) make a portion of the tax credit for contributions to retirement accounts (saver's credit) refundable; and (5) require increases in the saver's credit to be paid into a worker savings account.Provides that no provision of this Act shall be construed to diminish an employer's obligation to pay federal and state unemployment taxes or to reduce the amount of unemployment compensation to which a worker may be entitled.

Worker Savings Account Act of 2009

Rep. Dan Burton [R-IN]	Rep. John McHugh [R-NY]	Rep. Ron Paul [R-TX]	Rep. Bill Posey [R-FL]
Rep. Harold Rogers [R-KY]	Rep. Don Young [R-AK]

Date	Chamber	Action
2009-01-13		Sponsor introductory remarks on measure. (CR E69)
2009-01-06		Referred to the House Committee on Ways and Means.

Type	Source
Summary	https://www.congress.gov/bill/111th-congress/house-bill/153/all-info
Text	https://www.congress.gov/111/bills/hr153/BILLS-111hr153ih.pdf