American Dream Down Payment Act of 2022
Bill journey · stage 2 of 5
Under committee review
What it doesSummary introduced in senate (Aug 2, 2022)
American Dream Down Payment Act of 2022
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 happenedAug 2, 2022
Read twice and referred to the Committee on Finance.
Who’s behind it
- Introduced in SenateAug 2, 2022
- Aug 2, 2022IntroReferral
Read twice and referred to the Committee on Finance.
Finance Committee - Aug 2, 2022IntroReferral10000
Introduced in Senate