H.R. 6757Family Savings Act of 2018

1 recorded action152 of these members are on the 2026 ballotWhat the measure does Read on Congress.gov

Sponsor: Mike Kelly [R-PA-03]
Cosponsors: 29 · 29 Republicans
Policy area: Taxation
Committees: Ways and Means Committee, Education and Workforce Committee · and 1 more
Latest action: Sep 28, 2018 · Received in the Senate and Read twice and referred to the Committee on Finance.

IntroducedSep 10, 2018
Passed the HouseSep 27, 2018
Passed the SenateNot yet reached
Sent to the PresidentNot yet reached
Became lawNot yet reached

What the measure doesCRS summary

Family Savings Act of 2018

This bill modifies the requirements for employer-provided retirement plans and tax-favored savings accounts.

With respect to employer-provided retirement plans, the bill modifies requirements regarding:

multiple employer and pooled employer plans,

nonelective contributions to 401(k) plans,
loans,
the portability of lifetime income investments,
the treatment of custodial accounts upon termination of section 403(b) plans,
retirement income accounts for church-controlled organizations,
required minimum distributions,
retirement plan contributions picked up by government employers for new or existing employees,
elective deferrals by members of the Ready Reserve of a reserve component of the Armed Forces, and
nondiscrimination rules.

The bill modifies requirements for other tax-favored savings account to:

treat taxable non-tuition fellowship and stipend payments as compensation for the purpose of an Individual Retirement Account (IRA),

repeal the maximum age for traditional IRA contributions,
allow individuals to establish tax-favored universal savings accounts,
expand the purposes for which qualified tuition programs (commonly known as 529 plans) may be used, and
allow certain penalty-free withdrawals from retirement plans if a child is born or adopted.

Written by the nonpartisan Congressional Research Service, describing H.R. 6757 as introduced in House on Sep 10, 2018. It is not the text of the measure; a later amendment may have changed what it does.

How every member votedHouse roll call 411

House Sep 27, 2018

On Passage

Family Savings Act of 2018

Passed

240 Yea 177 Nay 11 not voting

Party-line vote 10 of 417 voting members broke with their own party: 10 Democrats.

Open the official roll call

How the chamber split

One dot per member. Select a seat or a bar to filter the list.

DemocratsRepublicansFilled: YeaRing: NayGrey: not voting or present

By party select a segment to filter

All members428 members

Democratic193 members

Republican235 members

marks half of the votes cast. A party’s majority is the side most of its voting members took.

Cosponsors29 · 29 Republicans

Signing on is not a vote: a member can cosponsor H.R. 6757 and vote against it. 24 signed when it was filed.

Loading the public record

Who lobbied on H.R. 675795 organizations

Organizations that named H.R. 6757 in a lobbying disclosure. Only those that cited the bill by number appear, so this is a floor, not a full list.

AICPA ASSOCIATION OF INTERNATIONAL CERTIFIED PROFESSIONAL ACCOUNTANTSfiled by AICPA ASSOCIATION OF INTERNATIONAL CERTIFIED PROFESSIONAL ACCOUNTANTS, CROSSROADS STRATEGIES, LLC

Labor Issues/Antitrust/Workplace · Accounting · Copyright/Patent/Trademark · Taxation/Internal Revenue Code +4 more5 filings · 4th Quarter (Oct 1 - Dec 31) 2018Filing

LINCOLN NATIONAL CORPORATIONfiled by DAVIS & HARMAN LLP, LINCOLN NATIONAL CORPORATIONIts PAC: Lincoln National Corp. PAC

Taxation/Internal Revenue Code · Retirement · Financial Institutions/Investments/Securities · Insurance5 filings · 4th Quarter (Oct 1 - Dec 31) 2018Filing

AMERICAN BENEFITS COUNCILfiled by AMERICAN BENEFITS COUNCIL, DAVIS & HARMAN LLPIts PAC: American Benefits Council PAC

Retirement · Health Issues4 filings · 4th Quarter (Oct 1 - Dec 31) 2018Filing

AT&T SERVICES INC AND ITS AFFILIATESfiled by MERCURY STRATEGIES, LLC, AT&T SERVICES, INC. AND ITS AFFILIATES

Taxation/Internal Revenue Code · Telecommunications · Economics/Economic Development · Trade (domestic/foreign)4 filings · 4th Quarter (Oct 1 - Dec 31) 2018Filing

FMR LLCfiled by DAVIS & HARMAN LLP, AKIN GUMP STRAUSS HAUER & FELDIts PAC: FMR LLC PAC

Retirement · Education · Taxation/Internal Revenue Code · Health Issues4 filings · 4th Quarter (Oct 1 - Dec 31) 2018Filing

MASSACHUSETTS MUTUAL LIFE INSURANCE COMPANYfiled by MASSACHUSETTS MUTUAL LIFE INSURANCE COMPANY, DAVIS & HARMAN LLPIts PAC: Massachusetts Mutual Life Insurance Co. PAC

Financial Institutions/Investments/Securities · Taxation/Internal Revenue Code · Retirement · Insurance4 filings · 4th Quarter (Oct 1 - Dec 31) 2018Filing

PACIFIC LIFE INSURANCE COMPANYfiled by CAPITOL COUNSEL LLC, PACIFIC LIFE INSURANCE COMPANYIts PAC: Pacific Life Insurance Co. PAC

Financial Institutions/Investments/Securities · Taxation/Internal Revenue Code · Retirement · Insurance +1 more4 filings · 4th Quarter (Oct 1 - Dec 31) 2018Filing

TIAAfiled by DAVIS & HARMAN LLP, TIAA

Retirement · Financial Institutions/Investments/Securities · Taxation/Internal Revenue Code4 filings · 4th Quarter (Oct 1 - Dec 31) 2018Filing

XEROX CORPORATIONIts PAC: Xerox Corp. PAC

Trade (domestic/foreign) · Taxation/Internal Revenue Code · Health Issues · Retirement4 filings · 4th Quarter (Oct 1 - Dec 31) 2018Filing

AMERICAN VETERINARY MEDICAL ASSOCIATIONIts PAC: American Veterinary Medical Association PAC

Labor Issues/Antitrust/Workplace · Animals · Insurance · Agriculture +7 more3 filings · 4th Quarter (Oct 1 - Dec 31) 2018Filing

196 disclosures name this measure. Retrieved from LDA.gov on 2026-10-05. Senate Office of Public Records cannot vouch for the data or analyses derived from these data after the data have been retrieved from LDA.gov.