HR5438Referred to Committee

Incentivize Savings Act

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Introduced
In Committee
3
Passed One Chamber
4
Passed Both
5
Signed into Law
119th
Congress
2025-09-17
Introduced
69
Cosponsors
HR
ⓘ
Type

Sponsor

Richard McCormick
Richard McCormick
Republican · GA · Representative
Votes with party: 95.5% (551 recorded votes)

Full profile: /officials/M001218

Source: Congress.gov · FEC

Cosponsors (69)

Members who have signed on to support this bill since introduction. Source: Congress.gov.

Latest Action

The most recent step in the bill's legislative path. Committee Activity below shows referrals and reports; the full action-by-action history including floor proceedings lives at Congress.gov →

Ordered to be Reported (Amended) by the Yeas and Nays: 25 - 19.

2026-02-04

Source: Congress.gov

Plain-English Summary

This bill would create new tax incentives and savings programs designed to encourage Americans to set aside money for retirement, emergencies, and other long-term financial goals. The legislation likely includes tax breaks or matching contributions for people who save through designated accounts, making it easier for workers and families to build financial security. The bill has advanced through committee but still needs full congressional approval to become law.

AI-assisted summary generated from the official bill metadata (title, subjects, actions) sourced from Congress.gov. Cached and reviewed. Always verify against the official text linked below.

Subjects

Economics and Public Finance
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Open text viewRead on Congress.gov

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