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116TH CONGRESS
1ST SESSION H. R. 1194
To amend the Internal Revenue Code of 1986 to permit fellowship and
stipend compensation to be saved in an individual retirement account.
IN THE HOUSE OF REPRESENTATIVES
FEBRUARY 13, 2019
Mr. KENNEDY (for himself, Mr. BANKS, and Mr. MOULTON) introduced the
following bill; which was referred to the Committee on Ways and Means
A BILL
To amend the Internal Revenue Code of 1986 to permit
fellowship and stipend compensation to be saved in an
individual retirement account.
Be it enacted by the Senate and House of Representa-
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tives of the United States of America in Congress assembled,
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SECTION 1. SHORT TITLE.
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This Act may be cited as the ‘‘Graduate Student Sav-
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ings Act of 2019’’.
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SEC. 2. CERTAIN NON-TUITION FELLOWSHIP AND STIPEND
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PAYMENTS TREATED AS COMPENSATION.
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(a) IN GENERAL.—Paragraph (1) of section 219(f)
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of the Internal Revenue Code of 1986 is amended by add-
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ing at the end the following: ‘‘Such term includes any
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•HR 1194 IH
amount paid to an individual to aid the individual in the
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pursuit of graduate or postdoctoral study or research.’’.
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(b) EFFECTIVE DATE.—The amendment made by
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this section shall apply to taxable years beginning after
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December 31, 2019.
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