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HR 5576 113th Congress House

USAccounts: Investing in America's Future Act of 2014

Official title: To establish USAccounts, and for other purposes.

Introduced: September 18, 2014 See on congress.gov
Taxation Employee benefits and pensionsExecutive agency funding and structureFinancial services and investmentsGovernment lending and loan guarantees
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Government trust fundsHigher educationIncome tax creditsIncome tax exclusionInflation and pricesPoverty and welfare assistanceStudent aid and college costsTax treatment of families
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This bill died when the 113th Congress ended
It never became law before the 113th Congress (2013–2014) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Sep 18, 2014
Referred to the House Committee on Ways and Means.
Sep 18, 2014
Introduced in House
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 Latest action September 18, 2014

Referred to the House Committee on Ways and Means.

 Plain-English summary Congressional Research Service

USAccounts: Investing in America's Future Act of 2014 - Establishes in the Treasury the USAccount Fund to make contributions to accounts known as USAccounts, which are established under this Act for each child of a taxpayer qualifying for the child tax credit who has not attained age 17. Provides for an initial government contribution of $500 to a USAccount, private contributions up to $2,000, and government matching contributions up to $500 in a calendar year. Allows tax-exempt distributions from USAccounts for higher education expenses and for funding individual retirement plans of a qualifying child.

Establishes in the executive branch a USAccount Fund Board to manage investments in the USAccount Fund.

Amends the Internal Revenue Code to: (1) exempt the USAccount Fund and USAccounts from income taxation, and (2) increase the amount of the child tax credit by the applicable USAccount contribution amount.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
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APA
U.S. Congress. (2026). H.R. 5576: USAccounts: Investing in America's Future Act of 2014. 113th Congress. Open America. https://openamerica.io/bill/113-HR-5576/
MLA
"H.R. 5576: USAccounts: Investing in America's Future Act of 2014." 113th Congress, 2026, Open America, https://openamerica.io/bill/113-HR-5576/.
Bluebook (legal)
H.R. 5576, 113th Cong. (2026), https://openamerica.io/bill/113-HR-5576/.
Markdown link
[H.R. 5576: USAccounts: Investing in America's Future Act of 2014](https://openamerica.io/bill/113-HR-5576/)
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