S. 1133 Summary from "Thomas" U.S. government WEB site
Parent and Student Savings Account PLUS Act

Bill Summary & Status for the 105th Congress Found at:
<http://thomas.loc.gov/home/thomas.html>

SPONSOR: Sen. Coverdell (introduced 07/31/97)

RELATED BILLS: H.R.2373

TITLE(S):

SHORT TITLE(S) AS INTRODUCED:
Parent and Student Savings Account PLUS Act

OFFICIAL TITLE AS INTRODUCED:
A bill to amend the Internal Revenue Code of 1986 to allow tax-free expenditures from education individual retirement accounts for elementary and secondary school expenses and to increase the maximum annual amount of contributions to such accounts.

STATUS: Floor Actions
02/19/98 Reported to Senate from the Committee on Finance with amendment, S. Rept. 105-164 (2/23/98 CR S836)

STATUS: Detailed Legislative Status

Jul 31, 97:
Read twice and referred to the Committee on Finance.
Feb 10, 98:
Committee on Finance. Ordered to be reported with an amendment in the nature of a substitute favorably.
Feb 19, 98:
Committee on Finance. Reported to Senate by Senator Roth under the authority of the order of Feb 12, 98 with an amendment in the nature of a substitute and an amendment to the title. With written report No. 105-164. Minority views filed. Placed on Senate Legislative Calendar under General Orders. Calendar No. 311.

COMMITTEE(S):

COMMITTEE(S) OF REFERRAL:
Senate Finance

COMMITTEE(S) REPORTING:
Senate Finance

AMENDMENT(S):

***NONE***

COSPONSORS: 43

SUMMARY:

(AS INTRODUCED)

Parent and Student Savings Account PLUS Act - Amends the Internal Revenue Code with respect to education individual
retirement accounts to: (1) include qualified elementary and secondary education expenses (including home schooling); and (2)
increase annual contribution limits to $2,000.

WTV National Bill & Issue Watch