Summary: S.682 — 115th Congress (2017-2018)All Information (Except Text)

There is one summary for S.682. Bill summaries are authored by CRS.

Shown Here:
Introduced in Senate (03/21/2017)

Save Access to a Valuable Investment Needed to Generate Savings Act of 2017 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.