H.R. 2488 (106th): Financial Freedom Act of 1999

To amend the Internal Revenue Code of 1986 to reduce individual income tax rates, to provide marriage penalty relief, to reduce taxes on savings and investments, to provide estate and gift tax relief, to provide incentives for education savings and health care, and for other purposes.

The bill’s titles are written by its sponsor.



Jul 13, 1999
106th Congress, 1999–2000


Vetoed (No Override Attempt) on Sep 23, 1999

This bill was vetoed by the President on September 23, 1999 and Congress did not attempt an override before the end of the Congressional session.


Bill Archer

Representative for Texas's 7th congressional district



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Last Updated: Aug 5, 1999
Length: 209 pages


Jul 13, 1999

This is the first step in the legislative process.

Jul 14, 1999
Reported by Committee

A committee has issued a report to the full chamber recommending that the bill be considered further. Only about 1 in 4 bills are reported out of committee.

Jul 22, 1999
Passed House

The bill was passed in a vote in the House. It goes to the Senate next.

Jul 30, 1999
Passed Senate with Changes

The Senate passed the bill with changes not in the House version and sent it back to the House to approve the changes. The vote was by Unanimous Consent so no record of individual votes was made.

Aug 5, 1999
Conference Report Agreed to by House

A conference committee was formed, comprising members of both the House and Senate, to resolve the differences in how each chamber passed the bill. The House approved the committee's report proposing the final form of the bill for consideration in both chambers. The Senate must also approve the conference report.

Aug 5, 1999
Conference Report Agreed to by Senate

The bill was passed by both chambers in identical form. It goes to the President next who may sign or veto the bill.

Sep 23, 1999

The President vetoed the bill. Congress may attempt to override the veto.

H.R. 2488 (106th) was a bill in the United States Congress.

A bill must be passed by both the House and Senate in identical form and then be signed by the President to become law.

This bill was introduced in the 106th Congress, which met from Jan 6, 1999 to Dec 15, 2000. Legislation not enacted by the end of a Congress is cleared from the books.

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“H.R. 2488 — 106th Congress: Financial Freedom Act of 1999.” www.GovTrack.us. 1999. October 24, 2016 <https://www.govtrack.us/congress/bills/106/hr2488>

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