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senate Bill S. 1515

401Kids Family Savings Act of 2013

Bill Details

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Title

401Kids Family Savings Act of 2013

Official Title

A bill to amend the Internal Revenue Code of 1986 to improve and expand education savings accounts.

Summary

401Kids Family Savings Act of 2013 - Amends the Internal Revenue Code to: (1) rename Coverdell education savings accounts as 401Kids savings accounts, (2) allow the use of such accounts to pay the acquisition costs of a first-time homebuyer, and (3) allow tax-free rollovers of amounts in a 401Kids savings account to a Roth individual retirement account (Roth IRA).

bill Progress


  • Not enacted
    The President has not signed this bill
  • The house has not voted
  • The senate has not voted
      senate Committees
      Committee on Finance
    IntroducedSeptember 18th, 2013

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