HR 2913
Encouraging Americans to Save Act
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Bill overview
The Encouraging Americans to Save Act aims to boost retirement savings by providing a matching incentive for eligible individuals. It offers a 50% tax credit, up to $3,000, for qualified retirement savings contributions and IRA contributions. The bill also establishes a permanent MyRA Program, managed by the Treasury Department, to allow individuals or employers to create Roth IRAs. The program will offer low-cost savings bonds and aims to increase public awareness of these savings options.
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