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American Opportunity Accounts Act

Introduced: February 14, 2023 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 14, 2023

Referred to the House Committee on Ways and Means.

Feb 14, 2023

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 14, 2023

Referred to the House Committee on Ways and Means.

Committees of jurisdiction 1