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S. 1515

BillFederalSenateIn Committee
401Kids Family Savings Act of 2013
About This Bill
Committee
Latest Action · September 18, 2013
Read twice and referred to the Committee on Finance.
Congress
113th (2013–2015)
Introduced
September 18, 2013
Sponsor
Sen. Mark KirkR
Cosponsors (0)
None
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Summary

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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).

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