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HR5438Referred to Committee

Incentivize Savings Act

Share:
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.

  • Ben Cline (R-VA-6)Original· 2025-09-17
  • Chuck Edwards (R-NC-11)Original· 2025-09-17
  • James R. Baird (R-IN-4)Original· 2025-09-17
  • Josh Brecheen (R-OK-2)Original· 2025-09-17
  • Marlin A. Stutzman (R-IN-3)· 2025-09-18
  • Beth Van Duyne (R-TX-24)· 2025-09-30
  • Daniel Webster (R-FL-11)· 2025-09-30
  • Eric Burlison (R-MO-7)· 2025-09-30
  • Keith Self (R-TX-3)· 2025-09-30
  • Pat Fallon (R-TX-4)· 2025-09-30
  • Ronny Jackson (R-TX-13)· 2025-09-30
  • Glenn Grothman (R-WI-6)· 2025-10-17
  • Pat Harrigan (R-NC-10)· 2025-10-17
  • Jefferson Shreve (R-IN-6)· 2025-10-21
  • Michael Cloud (R-TX-27)· 2025-10-21
  • Clay Higgins (R-LA-3)· 2025-10-24
  • Jack Bergman (R-MI-1)· 2025-11-04
  • Sheri Biggs (R-SC-3)· 2025-11-10
  • Byron Donalds (R-FL-19)· 2025-11-19
  • Julie Fedorchak (R-ND)· 2025-11-19
  • Maria Elvira Salazar (R-FL-27)· 2025-11-19
  • Mariannette Miller-Meeks (R-IA-1)· 2025-11-19
  • Diana Harshbarger (R-TN-1)· 2025-12-16
  • Scott Perry (R-PA-10)· 2025-12-16
  • Abraham J. Hamadeh (R-AZ-8)· 2025-12-17
  • Adrian Smith (R-NE-3)· 2025-12-17
  • Dusty Johnson (R-SD)· 2025-12-17
  • Gary J. Palmer (R-AL-6)· 2025-12-17
  • John J. McGuire III (R-VA-5)· 2025-12-17
  • Lance Gooden (R-TX-5)· 2025-12-17
  • Pete Sessions (R-TX-17)· 2025-12-17
  • Richard Hudson (R-NC-9)· 2025-12-17
  • Randy Fine (R-FL-6)· 2025-12-18
  • Laurel M. Lee (R-FL-15)· 2026-01-07
  • Adam Smith (D-WA-9)· 2026-01-08
  • Andy Barr (R-KY-6)· 2026-01-08
  • Suhas Subramanyam (D-VA-10)· 2026-01-08
  • Tim Burchett (R-TN-2)· 2026-01-08
  • August Pfluger (R-TX-11)· 2026-01-09
  • Michael R. Turner (R-OH-10)· 2026-01-09
  • Paul A. Gosar (R-AZ-9)· 2026-01-09
  • Blake D. Moore (R-UT-1)· 2026-01-12
  • Brandon Gill (R-TX-26)· 2026-01-12
  • Burgess Owens (R-UT-4)· 2026-01-12
  • Earl L. "Buddy" Carter (R-GA-1)· 2026-01-12
  • Carlos A. Gimenez (R-FL-28)· 2026-01-13
  • Cory Mills (R-FL-7)· 2026-01-13
  • Donald G. Davis (D-NC-1)· 2026-01-13
  • Elijah Crane (R-AZ-2)· 2026-01-13
  • Erin Houchin (R-IN-9)· 2026-01-13
  • Jared Moskowitz (D-FL-23)· 2026-01-13
  • Lauren Boebert (R-CO-4)· 2026-01-13
  • Michael Lawler (R-NY-17)· 2026-01-13
  • Vince Fong (R-CA-20)· 2026-01-13
  • Mike Collins (R-GA-10)· 2026-01-14
  • Nicholas A. Langworthy (R-NY-23)· 2026-01-14
  • Scott DesJarlais (R-TN-4)· 2026-01-14
  • Anna Paulina Luna (R-FL-13)· 2026-01-20
  • Brian Jack (R-GA-3)· 2026-01-20
  • Max L. Miller (R-OH-7)· 2026-01-20
  • Nancy Mace (R-SC-1)· 2026-01-20
  • William R. Timmons IV (R-SC-4)· 2026-01-20
  • Barry Loudermilk (R-GA-11)· 2026-01-21
  • Virginia Foxx (R-NC-5)· 2026-01-22
  • Lloyd Smucker (R-PA-11)· 2026-02-02
  • Matt Van Epps (R-TN-7)· 2026-02-02
  • Charles J. "Chuck" Fleischmann (R-TN-3)· 2026-02-09
  • Nicholas J. Begich III (R-AK)· 2026-02-11
  • Gabe Evans (R-CO-8)· 2026-03-03

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
Full bill text is not yet cached locally.
Open text viewRead on Congress.gov

Related legislation

Bills by the same sponsor or covering overlapping subjects.

  • HR8938Biotechnology Workforce Alignment Act of 2026
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  • HR8580Forestry Protection Act of 2026
    Referred to Committee · 2026-04-29
  • HR7962Export Dispute Resolution Act
    Reported by Committee · 2026-04-22
  • HR8455Make DC Square Again Act
    Referred to Committee · 2026-04-22