Skip to main content
S 2231 116th Congress Senate Taxation Accounting and auditing Administrative law and regulatory procedures Advisory bodies Bank accounts, deposits, capital Capital gains tax Congressional oversight Department of the Treasury Executive agency funding and structure Financial literacy Financial services and investments Government trust funds Health care costs and insurance Higher education Housing finance and home ownership Income tax exclusion Income tax rates Inflation and prices Student aid and college costs Tax administration and collection, taxpayers

American Opportunity Accounts Act

Introduced: July 23, 2019 Introduced by: Booker, Cory A. Democratic · New Jersey See on congress.gov
 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jul 23, 2019
Read twice and referred to the Committee on Finance.
Jul 23, 2019
Introduced in Senate
 Plain-English summary Congressional Research Service

American Opportunity Accounts Act

This bill requires federally funded and managed savings accounts (American Opportunity Accounts) to be established for American children who are under the age of 18. The bill also increases and modifies (1) estate and gift taxes, and (2) capital gains taxes.

What's happening now July 23, 2019

Read twice and referred to the Committee on Finance.

 Committees of jurisdiction 1