HR 835 117th Congress House Taxation Advisory bodies Congressional oversight Employee benefits and pensions Executive agency funding and structure Financial services and investments Government studies and investigations Government trust funds Higher education Housing finance and home ownership Income tax exclusion Inflation and prices Securities Student aid and college costs Tax administration and collection, taxpayers Vocational and technical education Wages and earnings

American Opportunity Accounts Act

Introduced: February 4, 2021 Introduced by: Pressley, Ayanna Democratic · Massachusetts See on congress.gov

Everywhere this bill has been 2 steps

Introduced

In committee

Reported out

Passed House

Passed Senate

To President

Became law

Feb 4, 2021

Referred to the House Committee on Ways and Means.

Feb 4, 2021

Introduced in House

Plain-English summary Congressional Research Service

American Opportunity Accounts Act

This bill establishes tax-exempt American Opportunity Accounts to provide children at birth with a $1,000 savings account with annual contributions up to $2,000 depending on family income. The accounts are available to children at age 18 for specified purposes, including educational expenses, home ownership, and investment that provides long-term returns.

What's happening now February 4, 2021

Referred to the House Committee on Ways and Means.

Committees of jurisdiction 1