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H.R. 3385

BillFederalHouseIn Committee
SAVINGS Act
About This Bill
Committee
Latest Action · October 30, 2013
Referred to the House Committee on Ways and Means.
Congress
113th (2013–2015)
Introduced
October 30, 2013
Cosponsors (30)
28D 2R
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Summary

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Save Access to a Valuable Investment Needed to Generate Savings Act of 2013 or the SAVINGS Act - Directs the Secretary of the Treasury to: (1) allow individual taxpayers an option to purchase U.S. savings bonds in paper form with a portion or all of a tax refund during the period ending on December 31, 2018; or (2) implement an alternative option that allows for the gifting of U.S. savings bonds, serves the unbanked, and retains the ability to sign-up on the return of tax.

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