Summary: S.2478 — 114th Congress (2015-2016)All Information (Except Text)

There is one summary for S.2478. Bill summaries are authored by CRS.

Shown Here:
Introduced in Senate (02/02/2016)

Save Access to a Valuable Investment Needed to Generate Savings Act of 2016 or the SAVINGS Act

This bill directs the Department of the Treasury to allow: (1) an individual taxpayer to use a portion or all of a tax refund to purchase U.S. savings bonds in paper form for the taxpayer or for any individual designated by the taxpayer; or (2) an option for a tax return that allows for the gifting of such bonds and that serves individuals who rarely, if ever, have held a bank account and individuals who lack access to the Internet.