Summary: H.R.1652 — 114th Congress (2015-2016)All Information (Except Text)

There is one summary for H.R.1652. Bill summaries are authored by CRS.

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Introduced in House (03/26/2015)

Save Access to a Valuable Investment Needed to Generate Savings Act of 2015 or the SAVINGS Act

Directs the Department 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, 2020; 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.