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S 1205 115th Congress Senate Education Academic performance and assessments Bank accounts, deposits, capital Congressional oversight Education of the disadvantaged Education programs funding Elementary and secondary education Financial literacy Higher education Internet and video services Internet, web applications, social media Student aid and college costs

American Dream Accounts Act

Introduced: May 23, 2017 Introduced by: Coons, Christopher A. Democratic · Delaware See on congress.gov
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This bill died when the 115th Congress ended
It never became law before the 115th Congress (2017–2018) 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
May 23, 2017
Read twice and referred to the Committee on Health, Education, Labor, and Pensions.
May 23, 2017
Introduced in Senate
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 Plain-English summary Congressional Research Service

American Dream Accounts Act

This bill authorizes the Department of Education to award competitive grants to eligible entities for establishing and administering American Dream Accounts for a group of at least 30 low-income public school students who, at the time of the grant application, are attending a grade no higher than ninth grade. An American dream account is a personal online account for low-income students that: (1) monitors their progress toward higher education; (2) includes a college savings account; and (3) provides students with opportunities to attain financial literacy, learn about preparing for enrollment in an institute of higher education (IHE), and identify their skills or interests.

What's happening now May 23, 2017

Read twice and referred to the Committee on Health, Education, Labor, and Pensions.

 Related & companion bills 1
  • HR 6441 Related bill American Dream Accounts Act
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
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APA
U.S. Congress. (2026). S. 1205: American Dream Accounts Act. 115th Congress. Open America. https://openamerica.io/bill/115-S-1205/
MLA
"S. 1205: American Dream Accounts Act." 115th Congress, 2026, Open America, https://openamerica.io/bill/115-S-1205/.
Bluebook (legal)
S. 1205, 115th Cong. (2026), https://openamerica.io/bill/115-S-1205/.
Markdown link
[S. 1205: American Dream Accounts Act](https://openamerica.io/bill/115-S-1205/)
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