House Passes 'Family Savings Act': Savings Plan Bill for Unborn Children Goes to Senate

Tuesday, October 2, 2018 | Tag Cloud Tags: , , , , , ,

us congress breaking us news

(Worthy News) - While the nation was riveted with the testimonies of Christine Blasey Ford and Supreme Court nominee Brett Kavanaugh last week, the US House of Representatives was busy passing a legislative package known as "Tax Reform 2.0."

The legislation included in the package is the Family Savings Act of 2018 (H.R. 6757). US Rep. Mike Kelly (R-PA), a member of the House Ways and Means Committee, introduced it last month. The new legislation contains many of the same provisions as a bipartisan bill previously introduced by Rep. Kelly.

The Family Savings Act gives parents, grandparents or other relatives the opportunity to open a 529 savings plan for an unborn child to begin saving for their future education. [ Source: CBN News (Read More...) ]

Copyright 1999-2018 Worthy News. All rights reserved.
Fair Use Notice:This site contains copyrighted material the use of which has not always been specifically authorized by the copyright owner. We are making such material available in our efforts to advance understanding of environmental, political, human rights, economic, democracy, scientific, and social justice issues, etc. We believe this constitutes a 'fair use' of any such copyrighted material as provided for in section 107 of the US Copyright Law. In accordance with Title 17 U.S.C. Section 107, the material on this site is distributed without profit to those who have expressed a prior interest in receiving the included information for research and educational purposes. For more information go to: http://www.law.cornell.edu/uscode/17/107.shtml. If you wish to use copyrighted material from this site for purposes of your own that go beyond 'fair use', you must obtain permission from the copyright owner.

Leave a Comment