HR7115Referred to Committee

Jumpstart Savings Act

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Introduced
In Committee
3
Passed One Chamber
4
Passed Both
5
Signed into Law
119th
Congress
2026-01-15
Introduced
12
Cosponsors
HR
ⓘ
Type

Sponsor

Riley M. Moore
Riley M. Moore
Republican · WV · Representative
Votes with party: 94.5% (543 recorded votes)

Full profile: /officials/M001235

Source: Congress.gov · FEC

Cosponsors (12)

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 →

Referred to the House Committee on Ways and Means.

2026-01-15

Source: Congress.gov

Plain-English Summary

This bill would likely create or expand tax-advantaged savings accounts to help Americans, particularly younger or lower-income workers, build emergency funds or save for major expenses with reduced tax burden. The specific mechanics would determine whether it offers new account types, increases contribution limits, or provides tax credits to encourage saving. The proposal is currently under review by the House committee responsible for tax policy.

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

Taxation
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Related legislation

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