HR 835 United States House · 117th Congress

American Opportunity Accounts Act

Summary

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.

Bill status in committee 1 of 4 stages cleared

Introduction

Feb 2021

Committee Review

Floor Vote

President

Introduced Feb 4, 2021 Last action Feb 4, 2021

Floor votes

How they voted

No floor votes recorded yet.

Full legislative history

Actions timeline

Total actions

Key actions

Committee

Feb 4, 2021

Committee

Referred to the House Committee on Ways and Means.

lower

Feb 4, 2021

Introduced

Introduced in House

lower

1 primary · 25 co-sponsors