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HR 8204 116th Congress House Social Welfare Bank accounts, deposits, capital Business investment and capital Energy assistance for the poor and aged Food assistance and relief Higher education Housing finance and home ownership Poverty and welfare assistance Student aid and college costs

CSA OPPORTUNITY Act

Introduced: September 11, 2020 See on congress.gov
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 Everywhere this bill has been 3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Oct 30, 2020
Referred to the Subcommittee on Nutrition, Oversight, and Department Operations.
Sep 11, 2020
Referred to the Committee on Ways and Means, and in addition to the Committees on Agriculture, Energy and Commerce, and Education and Labor, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Sep 11, 2020
Introduced in House
 Plain-English summary Congressional Research Service

Children's Savings Accounts Offer Parents Plenty Of Reasons To Understand and Invest in Tuition Yearly Act or the CSA OPPORTUNITY Act

This bill excludes the value of certain children's savings accounts, provided they meet specified requirements, when determining eligibility for particular means-tested federal programs.

To be excluded, the savings account must be created as part of a program organized by a government, nonprofit, school district, or college or university and meet other administrative criteria. Furthermore, proceeds of the account may only be used for postsecondary educational expenses, the purchase of a first home, or costs associated with starting a business once the individual receives a secondary school diploma or equivalent.


What's happening now October 30, 2020

Referred to the Subcommittee on Nutrition, Oversight, and Department Operations.

 Committees of jurisdiction 5
 Cosponsors 2
All 2 Democratic 2