A new legislative proposal could soon give every American access to a flexible, tax-free way to build financial security.
The Universal Savings Account (USA) Act, introduced this month in both chambers of Congress, aims to create a new class of savings account that combines the tax advantages of a Roth individual retirement account (IRA) with the unrestricted access of a traditional savings account.
WASHINGTON — If you’re a middle school or high school student with interest and ability in computer science, the U.S. Congress has a contest for you.
The Congressional App Challenge is a premier contest in computer science, according to a news release from U.S. Rep. Diana Harshbarger, R-1st.
The release said participation in the challenge has grown exponentially to reached underserved, diverse and rural student populations.
WASHINGTON, D.C. — Congresswoman Diana Harshbarger announced this week the launch of the military service academy nomination application for the upcoming cycle. The honor of attending a service academy comes with the obligation and commitment to serve in the military for a minimum of five years upon graduation.
Republicans are expected this month to release the details of President Donald Trump’s “one big, beautiful bill,” which will seek to expand and make permanent Trump’s first-term tax cuts. One popular idea from Senator Ted Cruz (R., Texas) and Representative Diana Harshbarger (R., Tenn.) is to create a tax-free investment account for American families to build wealth on their own terms.
WASHINGTON, D.C. (WJHL) — Congresswoman Diana Harshbarger has reintroduced legislation that would create a national website to connect pregnant women with nearby resources as alternatives to abortion.
Harshbarger filed the Pregnancy.Gov Act on Thursday.
According to Harshbarger’s office, the website “Pregnancy.gov” would help expectant mother find public and private resources based on zip codes.
Republican Tennessee Rep. Diana Harshbarger is reintroducing the Pregnancy.gov Act to create a website that provides women with a range of pregnancy and post-natal resources, from adoption information and tax preparation to domestic violence services, based on nothing more than their zip code.
WASHINGTON (WJHL) — Congresswoman Diana Harshbarger and Sen. Ted Cruz are spearheading the effort to create a new type of tax-advantaged savings account.
Harshbarger and Cruz filed companion bills on Thursday, introducing the Universal Savings Account (USA) Act.
Similar to Roth IRAs, contributions to the accounts could be taxed, but the growth of the funds in the account would not be taxed.
House Republicans were set to introduce legislation Thursday that seeks to establish Roth IRA-like accounts for Americans that would encourage saving while allowing for financial flexibility.
The Universal Savings Account Act would allow account holders to save in a tax-advantaged account while unlocking access to their money before retirement, according to the Washington Examiner.
BRISTOL, Va. (WCYB) — On Monday, Rep. Diana Harshbarger introduced the American Music Tourism Act to the House.
"This is really just asking the Department of Commerce to really focus on that and bring people not only across the country, but from other countries into the United States to see these really cool opportunities about American music," said Birthplace of Country Music Museum Executive Director, Melissa Roberts.
Sen. Ted Cruz, R-Texas, and Rep. Diana Harshbarger, R-Tenn., will introduce the Universal Savings Account Act Thursday.
The accounts would be similar to a Roth IRA, but there is no age minimum or other restriction to withdraw the funds without a penalty, and the growth of the funds would not be taxed.