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
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
Read twice and referred to the Committee on Finance.
Committees of jurisdiction
1
Cosponsors
1