118th Congress Taxation
S. 441: American Opportunity Accounts Act
Introduced
- Introduced (completed)
- Passed Senate (not reached)
- Passed House (not reached)
- To the President (not reached)
- Became law (not reached)
Summary
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
No roll call votes have been held on this bill.
Amendments
No amendments were offered to this bill.
Cosponsors
- Sherrod Brown D-OHOriginal
- Tammy Baldwin D-WIOriginal
- Richard Blumenthal D-CTOriginal
- Richard Durbin D-ILOriginal
- Kirsten Gillibrand D-NYOriginal
- Martin Heinrich D-NMOriginal
- Amy Klobuchar D-MNOriginal
- Edward Markey D-MAOriginal
- Jeff Merkley D-OROriginal
- Bernard Sanders I-VTOriginal
- Charles Schumer D-NYOriginal
- Brian Schatz D-HIOriginal
- Chris Van Hollen D-MDOriginal
- Sheldon Whitehouse D-RIOriginal
- Elizabeth Warren D-MAOriginal
- Peter Welch D-VT
Who scored on this bill
- 1Cory Booker SponsorDrew cross-party cosponsors, introduced2 events+6
See all scorers and every scoring event
Introductions and cosponsorships count toward weekly caps and show no points.
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History
- Introduced in the Senate by Cory Booker.
Show the full action history (2 actions)
- Introduced in Senate
- Read twice and referred to the Committee on Finance.