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S. 4722 117th Congress Senate

American Dream Down Payment Act of 2022

Official title: A bill to amend the Internal Revenue Code of 1986 to establish qualified down payment savings programs.

Introduced: August 2, 2022 Introduced by: Raphael G. Warnock Democratic · Georgia See on congress.gov
Taxation
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This bill died when the 117th Congress ended
It never became law before the 117th Congress (2021–2022) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Aug 2, 2022
Read twice and referred to the Committee on Finance.
Aug 2, 2022
Introduced in Senate
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 Latest action August 2, 2022

Read twice and referred to the Committee on Finance.

 Plain-English summary Congressional Research Service

American Dream Down Payment Act of 2022

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.

 Related & companion bills 1
  • HR 1360 American Dream Down Payment Act of 2021
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
Cite this page click to expand
APA
U.S. Congress. (2026). S. 4722: American Dream Down Payment Act of 2022. 117th Congress. Open America. https://openamerica.io/bill/117-S-4722/
MLA
"S. 4722: American Dream Down Payment Act of 2022." 117th Congress, 2026, Open America, https://openamerica.io/bill/117-S-4722/.
Bluebook (legal)
S. 4722, 117th Cong. (2026), https://openamerica.io/bill/117-S-4722/.
Markdown link
[S. 4722: American Dream Down Payment Act of 2022](https://openamerica.io/bill/117-S-4722/)
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