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H.R.37 401Kids Family Savings Act of 2011, 112th Congress

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Official Bill Info

  • Latest Action: Jan 05, 2011 Introduced in House

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    I know the most recent action for this bill is as follows: "Introduced in House" on Jan 05, 2011
  • Committee Assignment: House Ways and Means

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    This bill has been assigned to the House Ways and Means committee.

Bill Statistics on OpenCongress

  • 85% of users support H.R.37

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    85% of users on OpenCongress.org, a free, non-partisan resource, support H.R.37.
  • H.R.37 has been viewed 2,531 times

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    H.R.37 has been viewed 2,531 times on OpenCongress.org, a free, non-partisan resource.

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    Most-commented sections of the bill text

    Highest Rated User Comments

    • On January 05, 2012, by JoeTaxpayer - I see this bill is a year old and not passed. Can we resolve to simplify the retirement/saving accounts? The accounts are too numerous to list and the rules far too complex. A single retirement account model for both company sponsored and individuals with pretax (traditional) and post tax (roth-type) should suffice. Why tinker at all with the coverdell? Rename these to the same as 529s (to one named savings account) and then provision that a 25 year old with any balance can convert to Roth (since these aren't deductible.) The coverdell had a too low $500 limit for some time, and now $2000, which is still too low to save for college. The 529 should have eliminated the coverdell. Do I support this bill? Yes. But it's too limited in scope, there's much work to be done. What are the objections to my broader proposal?

      Clicking this will add the following text:

      As noted by JoeTaxpayer, a user on OpenCongress.org, on January 05, 2012, "I see this bill is a year old and not passed. Can we resolve to simplify the retirement/saving accounts? The accounts are too numerous to list and the rules far too complex. A single retirement account model for both company sponsored and individuals with pretax (traditional) and post tax (roth-type) should suffice. Why tinker at all with the coverdell? Rename these to the same as 529s (to one named savings account) and then provision that a 25 year old with any balance can convert to Roth (since these aren't deductible.) The coverdell had a too low $500 limit for some time, and now $2000, which is still too low to save for college. The 529 should have eliminated the coverdell. Do I support this bill? Yes. But it's too limited in scope, there's much work to be done. What are the objections to my broader proposal? "

    Highly Rated Blog Articles

    • Journal for Thursday, July 26 | C-SPAN - July 26, 2012 by http://www.c-span.org/johnrouda.com - ... sequester – including planned defense cuts - should stand. Congressman Himes is part of a group of Democrats who, back in December, joined together to support the President in opposing a roll back of the cuts. Updated: 3 hr., 37 min. ago ...

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      As noted by http://www.c-span.org/johnrouda.com on July 26, 2012, "... sequester – including planned defense cuts - should stand. Congressman Himes is part of a group of Democrats who, back in December, joined together to support the President in opposing a roll back of the cuts. Updated: 3 hr., 37 min. ago ..." (/url?q=http://www.c-span.org/Events/Journal-for-Thursday-July-26/10737432659/&sa=U&ei=NqgTUNuwCc__qAGZyYHYCw&ved=0CC0QmAEwBA&usg=AFQjCNFcaZ_1dUnd_pGDnS6_t_0rUyVKMg)
    • Journal for Thursday, July 26 | C-SPAN - July 26, 2012 by http://www.c-span.org/johnrouda.com - ... sequester – including planned defense cuts - should stand. Congressman Himes is part of a group of Democrats who, back in December, joined together to support the President in opposing a roll back of the cuts. Updated: 3 hr., 37 min. ago ...

      Clicking this will add the following text:

      As noted by http://www.c-span.org/johnrouda.com on July 26, 2012, "... sequester – including planned defense cuts - should stand. Congressman Himes is part of a group of Democrats who, back in December, joined together to support the President in opposing a roll back of the cuts. Updated: 3 hr., 37 min. ago ..." (/url?q=http://www.c-span.org/Events/Journal-for-Thursday-July-26/10737432659/&sa=U&ei=DEISUMilMeS26wG63IHQBw&ved=0CBsQmAEwAA&usg=AFQjCNE_Fn0zyVldSRoQ5ypP_8boHtnOnA)
    • Lending our voice - June 09, 2012 by nikole - The bill, HR 37, is currently making its way though the House of Representatives… You can check out the full article on their website or download the PDF here. This entry was posted in NFYAN. Bookmark the permalink.

      Clicking this will add the following text:

      As noted by nikole on June 09, 2012, "The bill, HR 37, is currently making its way though the House of Representatives… You can check out the full article on their website or download the PDF here. This entry was posted in NFYAN. Bookmark the permalink." (/url?q=http://www.fosteryouthaction.org/2012/06/lending-our-voic/&sa=U&ei=2yXVT9-BCYHK2AWsp4SOCw&ved=0CCkQmAEwAw&usg=AFQjCNHiJaA3RCovHN1fw85Lz-0VOhjOjA)

    Highly Rated News Articles

    • Haryana Health Minister hurt in mishap - July 09, 2012 by Tribune - The car collided with a Central Reserve Police Force (CRPF) mini-truck (HR37-A-1705) when it was coming out of the parking lot at Sukhna Lake. The CRPF truck also hit a scooter, injuring two persons. The minister sustained a fracture in his ...

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      As noted by Tribune on July 09, 2012, "The car collided with a Central Reserve Police Force (CRPF) mini-truck (HR37-A-1705) when it was coming out of the parking lot at Sukhna Lake. The CRPF truck also hit a scooter, injuring two persons. The minister sustained a fracture in his ..." (http://www.tribuneindia.com/2012/20120710/cth1.htm)
    • MU film festival runs through Thursday - February 05, 2012 by Herald-Dispatch - HUNTINGTON -- The Marshall Artists Series presents its Spring International Film Festival, which runs daily through Thursday, Feb. 9, at the historic Keith-Albee Performing Arts Center. Tickets are free for Marshall students, and $7 for ...

      Clicking this will add the following text:

      As noted by Herald-Dispatch on February 05, 2012, "HUNTINGTON -- The Marshall Artists Series presents its Spring International Film Festival, which runs daily through Thursday, Feb. 9, at the historic Keith-Albee Performing Arts Center. Tickets are free for Marshall students, and $7 for ..." (http://www.herald-dispatch.com/news/x875667613/MU-film-festival-runs-through-Thursday)
    • SC DHEC board picks labor chief to lead agency - January 26, 2012 by WPDE - Read more: State, News, South Carolina, South Carolina DHEC, DHEC, SC DHEC Board Picks Labor Chief to Lead Agency, Department of Health and Environmental Control, Labor Chief, Lead Agency, Labor Chief to Lead Agency (AP) -- The director of South Carolina's

      Clicking this will add the following text:

      As noted by WPDE on January 26, 2012, "Read more: State, News, South Carolina, South Carolina DHEC, DHEC, SC DHEC Board Picks Labor Chief to Lead Agency, Department of Health and Environmental Control, Labor Chief, Lead Agency, Labor Chief to Lead Agency (AP) -- The director of South Carolina's" (http://www.carolinalive.com/news/story.aspx?list=195106&id=712210)
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