← Back to Bills
H.R. 3136House115th Congress (2017-2019)In Committee

Graduate Student Savings Act of 2017

Sponsored by Joseph P. Kennedy IIIRep. Joseph P. Kennedy III (D-MA)
Introduced June 29, 2017

AI-Generated Summary

Updated April 15, 2026 at 4:52 PM UTC

The Graduate Student Savings Act of 2017 changes the tax code so that money received as a fellowship or stipend for graduate or post‑doctoral study can be treated like regular compensation. This allows recipients to contribute those funds to an individual retirement account (IRA). The change applies to tax years beginning after December 31, 2016 and mainly affects graduate students, post‑doctoral researchers, and others receiving non‑tuition fellowship payments.

Key Provisions

  • Amends Internal Revenue Code §219(f) to define "compensation" to include any amount paid to help an individual pursue graduate or post‑doctoral study or research, thereby permitting such payments to be saved in an IRA.
  • Sets the amendment’s effective date to taxable years beginning after December 31, 2016.

Legislative Activity

Stay on top of the latest movement without scrolling through every action

1 earlier action
HouseIntro Referral Latest Action

Referred to the House Committee on Ways and Means.

Ways and Means Committee

June 29, 2017

View full timeline
HouseIntro Referral

Introduced in House

June 29, 2017

HouseIntro Referral

Referred to the House Committee on Ways and Means.

Ways and Means Committee

June 29, 2017

Bill Text

Latest available legislative text

Reading Mode
Latest
Raw Text PDF XML
Introduced in HouseIssued June 29, 2017

I

115th CONGRESS

1st Session

H. R. 3136

IN THE HOUSE OF REPRESENTATIVES

June 29, 2017

Mr. Kennedy (for himself, Mr. Messer, Mr. Royce of California, Mr. Neal, and Mr. Byrne) introduced the following bill; which was referred to the Committee on Ways and Means

A BILL

To amend the Internal Revenue Code of 1986 to permit fellowship and stipend compensation to be saved in an individual retirement account.

1.

Short title

This Act may be cited as the Graduate Student Savings Act of 2017.

2.

Certain non-tuition fellowship and stipend payments treated as compensation

(a)

In general

Paragraph (1) of section 219(f) of the Internal Revenue Code of 1986 is amended by adding at the end the following: Such term includes any amount paid to an individual to aid the individual in the pursuit of graduate or postdoctoral study or research..

(b)

Effective date

The amendment made by this section shall apply to taxable years beginning after December 31, 2016.