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H.R. 1041 118th Congress House

American Opportunity Accounts Act

Official title: To establish American opportunity accounts, and for other purposes.

Introduced: February 14, 2023 Introduced by: Ayanna Pressley Democratic · Massachusetts See on congress.gov
Taxation Advisory bodiesCongressional oversightEmployee benefits and pensionsExecutive agency funding and structure
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Financial services and investmentsGovernment studies and investigationsGovernment trust fundsHigher educationHousing finance and home ownershipIncome tax exclusionInflation and pricesSecuritiesStudent aid and college costsTax administration and collection, taxpayersVocational and technical educationWages and earnings
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This bill died when the 118th Congress ended
It never became law before the 118th Congress (2023–2024) 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
Feb 14, 2023
Referred to the House Committee on Ways and Means.
Feb 14, 2023
Introduced in House
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 Latest action February 14, 2023

Referred to the House Committee on Ways and Means.

 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.

 Related & companion bills 2
  • HR 835 Reintroduction of American Opportunity Accounts Act
  • S 441 American Opportunity Accounts Act
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 33
All 33 Democratic 28
Phillips, Dean
· Jun 11, 2024
 D
Slotkin, Elissa
Michigan · Jun 11, 2024
 D
Dean, Madeleine
Pennsylvania · Apr 28, 2023
 D
Auchincloss, Jake
Massachusetts · Feb 14, 2023
 D
Barragán, Nanette Diaz
California · Feb 14, 2023
 D
Beatty, Joyce
Ohio · Feb 14, 2023
Blumenauer, Earl
· Feb 14, 2023
Bowman, Jamaal
· Feb 14, 2023
Bush, Cori
· Feb 14, 2023
 D
Carson, André
Indiana · Feb 14, 2023
 D
Carter, Troy A.
Louisiana · Feb 14, 2023
 D
Casar, Greg
Texas · Feb 14, 2023
 D
Clarke, Yvette D.
New York · Feb 14, 2023
 D
Cleaver, Emanuel
Missouri · Feb 14, 2023
 D
Courtney, Joe
Connecticut · Feb 14, 2023
 D
Crockett, Jasmine
Texas · Feb 14, 2023
 D
Davis, Danny K.
Illinois · Feb 14, 2023
 D
DeLauro, Rosa L.
Connecticut · Feb 14, 2023
 D
Evans, Dwight
Pennsylvania · Feb 14, 2023
 D
Jacobs, Sara
California · Feb 14, 2023
 D
Jayapal, Pramila
Washington · Feb 14, 2023
 D
Larson, John B.
Connecticut · Feb 14, 2023
Lee, Barbara
· Feb 14, 2023
 D
Lee, Summer L.
Pennsylvania · Feb 14, 2023
 D
Meng, Grace
New York · Feb 14, 2023
 D
Moulton, Seth
Massachusetts · Feb 14, 2023
 D
Norton, Eleanor Holmes
District of Columbia · Feb 14, 2023
 D
Ocasio-Cortez, Alexandria
New York · Feb 14, 2023
 D
Omar, Ilhan
Minnesota · Feb 14, 2023
 D
Schakowsky, Janice D.
Illinois · Feb 14, 2023
 D
Thompson, Bennie G.
Mississippi · Feb 14, 2023
 D
Tlaib, Rashida
Michigan · Feb 14, 2023
 D
Watson Coleman, Bonnie
New Jersey · Feb 14, 2023
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 1041: American Opportunity Accounts Act. 118th Congress. Open America. https://openamerica.io/bill/118-HR-1041/
MLA
"H.R. 1041: American Opportunity Accounts Act." 118th Congress, 2026, Open America, https://openamerica.io/bill/118-HR-1041/.
Bluebook (legal)
H.R. 1041, 118th Cong. (2026), https://openamerica.io/bill/118-HR-1041/.
Markdown link
[H.R. 1041: American Opportunity Accounts Act](https://openamerica.io/bill/118-HR-1041/)
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