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118th Congress Taxation

H.R. 1041: American Opportunity Accounts Act

Introduced

  1. Introduced (completed)Feb 14, 2023
  2. Passed House (not reached)
  3. Passed Senate (not reached)
  4. To the President (not reached)
  5. Became law (not reached)

Summary

Introduced in House, Feb 14, 2023

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.

Written by the Congressional Research Service, Library of Congress.

Roll calls

0 votes on this bill

No roll call votes have been held on this bill.

Amendments

0 offered

No amendments were offered to this bill.

Cosponsors

33

Who scored on this bill

6 points earned
  1. 1Ayanna Pressley D-MA SponsorReached a cosponsor milestone, introduced2 events+6
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Introductions and cosponsorships count toward weekly caps and show no points.

Other bills by Ayanna Pressley

History

  1. Feb 14, 2023Introduced in the House by Ayanna Pressley.
Show the full action history (2 actions)
  1. Feb 14, 2023Introduced in House
  2. Feb 14, 2023Referred to the House Committee on Ways and Means.