American Dream Down Payment Act of 2021
Bill journey · stage 2 of 5
Under committee review
What it doesSummary introduced in house (Feb 25, 2021)
American Dream Down Payment Act of 2021
This bill establishes qualified down payment savings programs that allow taxpayers to establish tax-free accounts to save for down payments, including closing costs, on a principal residence. The Department of the Treasury, in coordination with the Securities and Exchange Commission, must report on matters relating to such accounts, including the number of states that have established down payment savings programs and information about beneficiaries of such programs.
What just happenedFeb 25, 2021
Referred to the House Committee on Ways and Means.
Who’s behind it
- Introduced in HouseFeb 25, 2021
- Feb 25, 2021IntroReferralH11100
Referred to the House Committee on Ways and Means.
Ways and Means Committee - Feb 25, 2021IntroReferralIntro-H
Introduced in House
- Feb 25, 2021IntroReferral1000
Introduced in House