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
2
Key actions
0
Committee
1
Feb 4, 2021
Committee
Read twice and referred to the Committee on Finance.
upper
Feb 4, 2021
Introduced
Introduced in Senate
upper
1 primary · 15 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
Cory A. Booker
DDemocratic
Co
Amy Klobuchar
DDemocratic
Co
Bernard Sanders
IIndependent
Co
Brian Schatz
DDemocratic
Co
Charles E. Schumer
DDemocratic
Co
Chris Van Hollen
DDemocratic
Co
Christopher A. Coons
DDemocratic
Co
Edward J. Markey
DDemocratic
Co
Elizabeth Warren
DDemocratic
Co
Jeff Merkley
DDemocratic
Co
Kirsten E. Gillibrand
DDemocratic
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