American Dream Down Payment Act of 2020
Bill journey · stage 2 of 5
Under committee review
What it doesSummary introduced in house (Sep 4, 2020)
American Dream Down Payment Act of 2020
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 happenedSep 4, 2020
Referred to the House Committee on Ways and Means.
Who’s behind it
- Introduced in HouseSep 4, 2020
- Sep 4, 2020IntroReferralH11100
Referred to the House Committee on Ways and Means.
Ways and Means Committee - Sep 4, 2020IntroReferralIntro-H
Introduced in House
- Sep 4, 2020IntroReferral1000
Introduced in House