All Information (Except Text) for S.4414 - American Dream Down Payment Act of 2020116th Congress (2019-2020)
|Sponsor:||Sen. Jones, Doug [D-AL] (Introduced 08/04/2020)|
|Committees:||Senate - Finance|
|Latest Action:||Senate - 08/04/2020 Read twice and referred to the Committee on Finance. (All Actions)|
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Titles Actions Overview All Actions Cosponsors Committees Related Bills Subjects Latest Summary All Summaries
Actions Overview (1)
|08/04/2020||Introduced in Senate|
08/04/2020 Introduced in Senate
All Actions (1)
|08/04/2020||Read twice and referred to the Committee on Finance.|
Action By: Senate
08/04/2020 Read twice and referred to the Committee on Finance.
|Sen. Gardner, Cory [R-CO]*||08/04/2020|
|Sen. Brown, Sherrod [D-OH]*||08/04/2020|
|Committee / Subcommittee||Date||Activity||Related Documents|
|Senate Finance||08/04/2020||Referred to|
Subject — Policy Area:
One Policy Area term, which best describes an entire measure, is assigned to every public bill or resolution.
Latest Summary (1)
Introduced in Senate (08/04/2020)
American Dream Down Payment Act of 2020
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.