Statement by the Press Secretary on H.R. 2289

On Thursday, July 25, 2013, the President signed into law:

H.R. 2289, which renames a subsection of the Internal Revenue Code allowing married individuals filing a joint return to claim the maximum deduction for each spouse’s qualified contribution to an individual retirement plan as the “Kay Bailey Hutchison Spousal IRA” in honor of the former U.S. Senator from Texas.