I 

114TH CONGRESS 

1ST SESSION H. R. 3264 

To amend the Internal Revenue Code of 1986 to expand the Saver’s credit, 

and for other purposes. 

IN THE HOUSE OF REPRESENTATIVES 

JULY 28, 2015 

Ms. TITUS introduced the following bill; which was referred to the Committee 

on Ways and Means, and in addition to the Committees on Energy and 

Commerce and Education and the Workforce, for a period to be subsequently determined by the Speaker, in each case for consideration of such 

provisions as fall within the jurisdiction of the committee concerned 

A BILL 

To amend the Internal Revenue Code of 1986 to expand 

the Saver’s credit, and for other purposes. 

1 Be it enacted by the Senate and House of Representa2 tives of the United States of America in Congress assembled, 

3 SECTION 1. SHORT TITLE. 

4 This Act may be cited as the ‘‘Helping Americans 

5 Save Act of 2015’’. 

6 SEC. 2. SAVER’S CREDIT EXPANDED. 

7 (a) INCREASE IN INCOME LIMITS.— 

8 (1) IN GENERAL.—Section 25B(b)(1) of the In9 ternal Revenue Code of 1986 is amended— 


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1 (A) in subparagraph (A) by striking 

2 ‘‘$30,000’’ and inserting ‘‘$50,000’’, 

3 (B) in subparagraph (B) by striking 

4 ‘‘$30,000 but not over $32,500’’ and inserting 

5 ‘‘$50,000 but not over $60,000’’, 

6 (C) in subparagraph (C) by striking 

7 ‘‘$32,500 but not over $50,000’’ and inserting 

8 ‘‘$60,000 but not over $70,000’’, and 

9 (D) in subparagraph (D) by striking 

10 ‘‘$50,000’’ and inserting ‘‘$70,000’’. 

11 (2) CONFORMING AMENDMENT TO INFLATION

12 ADJUSTMENT.—Section 25B(b)(3) of such Code is 

13 amended— 

14 (A) by striking ‘‘2006’’ in the matter pre15 ceding subparagraph (A) and inserting ‘‘2015’’, 

16 and 

17 (B) by striking ‘‘2005’’ in subparagraph 

18 (B) thereof and inserting ‘‘2014’’. 

19 (b) ADJUSTMENT OF CREDIT AMOUNT FOR INFLA20 TION.—Section 25B(a) of such Code is amended— 

21 (1) by striking ‘‘In the case of’’ and inserting 

22 the following: 

23 ‘‘(1) IN GENERAL.—In the case of’’, and 

24 (2) by adding at the end the following: 


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1 ‘‘(2) INFLATION ADJUSTMENT.—In the case of 

2 any taxable year beginning in a calendar year after 

3 2015, the $2,000 amount contained in paragraph 

4 (1) shall be increased by an amount equal to— 

5 ‘‘(A) such dollar amount, multiplied by 

6 ‘‘(B) the cost-of-living adjustment deter7 mined under section 1(f)(3) for the calendar 

8 year in which the taxable year begins, deter9 mined by substituting ‘calendar year 2014’ for 

10 ‘calendar year 1992’ in subparagraph (B) 

11 thereof. 

12 Any increase determined under the preceding sen13 tence shall be rounded to the nearest multiple of 

14 $50.’’. 

15 (c) EFFECTIVE DATE.—The amendments made by 

16 this section shall apply to taxable years beginning after 

17 December 31, 2014. 

18 SEC. 3. RETIREMENT CONTRIBUTIONS AND SAVINGS DIS19 REGARDED FOR CERTAIN MEANS-TESTED 

20 PROGRAMS. 

21 (a) TANF PROGRAM.—Section 408(a) of the Social 

22 Security Act (42 U.S.C. 608(a)) is amended by adding 

23 at the end the following: 

24 ‘‘(13) DISREGARD OF CERTAIN RETIREMENT

25 ACCOUNTS AND CONTRIBUTIONS.—In determining 


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1 the eligibility of an individual for assistance, or the 

2 amount of assistance payable to an individual, under 

3 a State program funded under this part, the State 

4 shall disregard any amount contributed by the indi5 vidual to, and the value of— 

6 ‘‘(A) any funds in a plan, contract, or ac7 count, described in sections 401(a), 403(a), 

8 403(b), 408, 408A, 457(b), and 501(c)(18) of 

9 the Internal Revenue Code of 1986 and any 

10 funds in a Federal Thrift Savings Plan account 

11 as provided in section 8439 of title 5, United 

12 States Code; 

13 ‘‘(B) any retirement program or account 

14 included in any successor or similar provision 

15 that may be enacted and determined to be ex16 empt from tax under the Internal Revenue 

17 Code of 1986; and 

18 ‘‘(C) any other retirement plans, contracts, 

19 or accounts (as determined by the Secretary of 

20 Health and Human Services).’’. 

21 (b) SSI PROGRAM.— 

22 (1) INCOME DISREGARD.—Section 1612(b) of 

23 such Act (42 U.S.C. 1382a(b)) is amended— 

24 (A) by striking ‘‘; and’’ at the end of para25 graph (25); 


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1 (B) by striking the period at the end of 

2 paragraph (26) and inserting ‘‘; and’’; and 

3 (C) by adding at the end the following: 

4 ‘‘(27) any amount received by the individual, to 

5 the extent that the amount is contributed by the in6 dividual to a program, plan, contract, or account re7 ferred to in section 1613(a).’’. 

8 (2) RESOURCE DISREGARD.—Section 1613(a) 

9 of such Act (42 U.S.C. 1382b(a)) is amended— 

10 (A) by striking ‘‘; and’’ at the end of para11 graph (16); 

12 (B) by striking the period at the end of 

13 paragraph (17) and inserting ‘‘; and’’; and 

14 (C) by adding at the end the following: 

15 ‘‘(18)(A) any funds in a plan, contract, or ac16 count, described in sections 401(a), 403(a), 403(b), 

17 408, 408A, 457(b), and 501(c)(18) of the Internal 

18 Revenue Code of 1986 and any funds in a Federal 

19 Thrift Savings Plan account as provided in section 

20 8439 of title 5, United States Code; 

21 ‘‘(B) any retirement program or account in22 cluded in any successor or similar provision that 

23 may be enacted and determined to be exempt from 

24 tax under the Internal Revenue Code of 1986; and 


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1 ‘‘(C) any other retirement plans, contracts, or 

2 accounts (as determined by the Commissioner of So3 cial Security).’’. 

4 (c) LIHEAP.—There shall not be included in any de5 termination under section 2605(b)(2)(B) of the Low-In6 come Home Energy Assistance Act of 1981 (42 U.S.C. 

7 8624(b)(2)(B)) of household eligibility for Low-Income 

8 Home Energy Assistance Program funds, any amount 

9 contributed to, and the value of— 

10 (1) any funds in a plan, contract, or account, 

11 described in sections 401(a), 403(a), 403(b), 408, 

12 408A, 457(b), and 501(c)(18) of the Internal Rev13 enue Code of 1986 and any funds in a Federal 

14 Thrift Savings Plan account as provided in section 

15 8439 of title 5, United States Code; 

16 (2) any retirement program or account included 

17 in any successor or similar provision that may be en18 acted and determined to be exempt from tax under 

19 the Internal Revenue Code of 1986; and 

20 (3) any other retirement plans, contracts, or ac21 counts (as determined by the Secretary of Health 

22 and Human Services). 

Æ 


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