HR 8176
116th Congress
House
Taxation
Bank accounts, deposits, capital
Financial services and investments
Government information and archives
Housing finance and home ownership
Income tax exclusion
Inflation and prices
State and local government operations
Transfer and inheritance taxes
American Dream Down Payment Act of 2020
Introduced: September 4, 2020
Introduced by:
Meeks, Gregory W.
Democratic
· New York
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Sep 4, 2020
Referred to the House Committee on Ways and Means.
Sep 4, 2020
Introduced in House
Plain-English summary
American Dream Down Payment Act of 2020
This bill establishes qualified down payment savings programs that allow taxpayers to establish tax-free accounts to save for down payments, including closing costs, on a principal residence. The Department of the Treasury, in coordination with the Securities and Exchange Commission, must report on matters relating to such accounts, including the number of states that have established down payment savings programs and information about beneficiaries of such programs.
What's happening now
Referred to the House Committee on Ways and Means.
Committees of jurisdiction
1
Cosponsors
1