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S. 441 118th Congress Senate

American Opportunity Accounts Act

Official title: A bill to establish American opportunity accounts, and for other purposes.

Introduced: February 15, 2023 Introduced by: Cory A. Booker Democratic · New Jersey 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 15, 2023
Read twice and referred to the Committee on Finance.
Feb 15, 2023
Introduced in Senate
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 Latest action February 15, 2023

Read twice and referred to the Committee on Finance.

 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 1
  • HR 1041 American Opportunity Accounts Act
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 15
All 15 Democratic 14 Independent 1
D
Welch, Peter
Vermont · Dec 19, 2023
 D
Baldwin, Tammy
Wisconsin · Feb 15, 2023
 D
Blumenthal, Richard
Connecticut · Feb 15, 2023
 D
Durbin, Richard J.
Illinois · Feb 15, 2023
 D
Gillibrand, Kirsten E.
New York · Feb 15, 2023
 D
Heinrich, Martin
New Mexico · Feb 15, 2023
 D
Klobuchar, Amy
Minnesota · Feb 15, 2023
 D
Markey, Edward J.
Massachusetts · Feb 15, 2023
 D
Merkley, Jeff
Oregon · Feb 15, 2023
 I
Sanders, Bernard
Vermont · Feb 15, 2023
 D
Schatz, Brian
Hawaii · Feb 15, 2023
 D
Schumer, Charles E.
New York · Feb 15, 2023
 D
Van Hollen, Chris
Maryland · Feb 15, 2023
 D
Warren, Elizabeth
Massachusetts · Feb 15, 2023
 D
Whitehouse, Sheldon
Rhode Island · Feb 15, 2023
Cite this page click to expand
APA
U.S. Congress. (2026). S. 441: American Opportunity Accounts Act. 118th Congress. Open America. https://openamerica.io/bill/118-S-441/
MLA
"S. 441: American Opportunity Accounts Act." 118th Congress, 2026, Open America, https://openamerica.io/bill/118-S-441/.
Bluebook (legal)
S. 441, 118th Cong. (2026), https://openamerica.io/bill/118-S-441/.
Markdown link
[S. 441: American Opportunity Accounts Act](https://openamerica.io/bill/118-S-441/)
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