Bill117th CongressFiled Feb 4, 2021Taxation
S. 222
American Opportunity Accounts Act
Bill journey · stage 2 of 5
Under committee review
FiledFiled
CommitteeComm.
PassedFloor
Both ChambersBoth
Became LawLaw
What it doesSummary introduced in senate (Feb 4, 2021)
American Opportunity Accounts Act
This bill establishes tax-exempt American Opportunity Accounts to provide children at birth with a $1,000 savings account with annual contributions up to $2,000 depending on family income. The accounts are available to children at age 18 for specified purposes, including educational expenses, home ownership, and investment that provides long-term returns.
What just happenedFeb 4, 2021
Read twice and referred to the Committee on Finance.
Who’s behind it
Sen. Booker, Cory A. [D-NJ](D-NJ)Sponsor
15 cosponsors14 D1 I
15cosponsors1committees2actions1related bills16subjects
- Introduced in SenateFeb 4, 2021
- Feb 4, 2021IntroReferral
Read twice and referred to the Committee on Finance.
Finance Committee - Feb 4, 2021IntroReferral10000
Introduced in Senate