HR 1041
118th 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
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
Ask about this bill
Have a question about what this bill does? Ask in plain English; the answer is drawn from the bill's actual text and official record, and it'll tell you when something isn't in the text rather than guess.
Plain-English summary
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
Referred to the House Committee on Ways and Means.
Related & companion bills
1
Bill text
1 version
- Introduced in House Formatted Text PDF Formatted XML
Committees of jurisdiction
1
Cosponsors
33
Phillips, Dean
D
Slotkin, Elissa
D
Dean, Madeleine
D
Auchincloss, Jake
D
Barragán, Nanette Diaz
D
Beatty, Joyce
Blumenauer, Earl
Bowman, Jamaal
Bush, Cori
D
Carson, André
D
Carter, Troy A.
D
Casar, Greg
D
Clarke, Yvette D.
D
Cleaver, Emanuel
D
Courtney, Joe
D
Crockett, Jasmine
D
Davis, Danny K.
D
DeLauro, Rosa L.
D
Evans, Dwight
D
Jacobs, Sara
D
Jayapal, Pramila
D
Larson, John B.
Lee, Barbara
D
Lee, Summer L.
D
Meng, Grace
D
Moulton, Seth
D
Norton, Eleanor Holmes
D
Ocasio-Cortez, Alexandria
D
Omar, Ilhan
D
Schakowsky, Janice D.
D
Thompson, Bennie G.
D
Tlaib, Rashida
D
Watson Coleman, Bonnie
Cite this page
U.S. Congress. (2026). H.R. 1041: American Opportunity Accounts Act. 118th Congress. Open America. https://openamerica.io/bill/118-HR-1041/
"H.R. 1041: American Opportunity Accounts Act." 118th Congress, 2026, Open America, https://openamerica.io/bill/118-HR-1041/.
H.R. 1041, 118th Cong. (2026), https://openamerica.io/bill/118-HR-1041/.
[H.R. 1041: American Opportunity Accounts Act](https://openamerica.io/bill/118-HR-1041/)