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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. 

Congressional Republicans are set to introduce legislation on Thursday aimed at giving consumers a tax-free haven for their savings interest.

BRISTOL, Tenn. (WJHL) — Congresswoman Diana Harshbarger’s bill to support and boost music tourism, with the hope of benefiting Northeast Tennessee, has passed the U.S. House of Representatives.

Harshbarger’s office announced on Monday that the American Music Tourism Act passed the House with bipartisan support.