← Back to Bills
S. 448Senate116th Congress (2019-2021)In Committee

Graduate Student Savings Act of 2019

Sponsored by Elizabeth WarrenSen. Elizabeth Warren (D-MA)
Introduced February 12, 2019

AI-Generated Summary

Updated April 14, 2026 at 1:43 AM UTC

The Graduate Student Savings Act of 2019 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 for retirement‑saving purposes. This lets graduate students and post‑doctoral researchers put those funds into an individual retirement account (IRA). The change applies to tax years beginning after December 31, 2019.

Key Provisions

  • Amends the definition of “compensation” in the Internal Revenue Code to include any amount paid to help an individual pursue graduate or post‑doctoral study or research.
  • Makes the amendment effective for taxable years starting after December 31, 2019.

Legislative Activity

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

1 earlier action
SenateIntro Referral Latest Action

Read twice and referred to the Committee on Finance.

Finance Committee

February 12, 2019

View full timeline
SenateIntro Referral

Introduced in Senate

February 12, 2019

SenateIntro Referral

Read twice and referred to the Committee on Finance.

Finance Committee

February 12, 2019

Bill Text

Latest available legislative text

Reading Mode
Latest
Raw Text PDF XML
Introduced in SenateIssued February 12, 2019

II

116th CONGRESS

1st Session

S. 448

IN THE SENATE OF THE UNITED STATES

February 12, 2019

Ms. Warren (for herself, Mr. Lee, Mr. Wyden, and Mr. Scott of South Carolina) 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 2019.

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, 2019.