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S. 1379Senate115th Congress (2017-2019)In Committee

Graduate Student Savings Act of 2017

Sponsored by Elizabeth WarrenSen. Elizabeth Warren (D-MA)
Introduced June 19, 2017

AI-Generated Summary

Updated April 15, 2026 at 4:25 PM UTC

The Graduate Student Savings Act of 2017 changes the tax code so that fellowship and stipend payments received by graduate or postdoctoral students are treated as compensation for retirement‑account purposes. This lets those students contribute the funds to an individual retirement account (IRA). The change applies to tax years beginning after December 31, 2017 and affects anyone receiving such non‑tuition payments for graduate or postdoctoral study or research.

Key Provisions

  • Amends Internal Revenue Code §219(f) to define “compensation” to include any amount paid to help an individual pursue graduate or postdoctoral study or research.
  • Specifies that the amendment takes effect for taxable years starting after December 31, 2017.

Legislative Activity

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1 earlier action
SenateIntro Referral Latest Action

Read twice and referred to the Committee on Finance.

Finance Committee

June 19, 2017

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SenateIntro Referral

Introduced in Senate

June 19, 2017

SenateIntro Referral

Read twice and referred to the Committee on Finance.

Finance Committee

June 19, 2017

Bill Text

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Introduced in SenateIssued June 19, 2017

II

115th CONGRESS

1st Session

S. 1379

IN THE SENATE OF THE UNITED STATES

June 19, 2017

Ms. Warren (for herself, Mr. Lee, Mr. Wyden, and Mr. Scott) introduced the following bill; which was read twice and referred to the Committee on Finance

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, 2017.