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.
Short title
This Act may be cited as the Graduate Student Savings Act of 2019
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Certain non-tuition fellowship and stipend payments treated as compensation
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.
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Effective date
The amendment made by this section shall apply to taxable years beginning after December 31, 2019.