Bill117th CongressFiled Feb 4, 2021Taxation
H.R. 835
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 house (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
Referred to the House Committee on Ways and Means.
Who’s behind it
Rep. Pressley, Ayanna [D-MA-7](D-MA)Sponsor
25 cosponsors25 D
25cosponsors1committees3actions1related bills16subjects
- Introduced in HouseFeb 4, 2021
- Feb 4, 2021IntroReferralH11100
Referred to the House Committee on Ways and Means.
Ways and Means Committee - Feb 4, 2021IntroReferralIntro-H
Introduced in House
- Feb 4, 2021IntroReferral1000
Introduced in House