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Titles Actions Overview All Actions Cosponsors Committees Related Bills Subjects Latest Summary All Summaries

Titles (2)

Short Titles

Short Titles - Senate

Short Title(s) as Introduced

American Dream Down Payment Act of 2020

Official Titles

Official Titles - Senate

Official Titles as Introduced

A bill to amend the Internal Revenue Code of 1986 to establish qualified down payment savings program.


Actions Overview (1)

Date Actions Overview
08/04/2020Introduced in Senate

All Actions (1)

Date All Actions
08/04/2020Read twice and referred to the Committee on Finance.
Action By: Senate

Cosponsors (2)

* = Original cosponsor
CosponsorDate Cosponsored
Sen. Gardner, Cory [R-CO]* 08/04/2020
Sen. Brown, Sherrod [D-OH]* 08/04/2020

Committees (1)

Committees, subcommittees and links to reports associated with this bill are listed here, as well as the nature and date of committee activity and Congressional report number.

Committee / Subcommittee Date Activity Related Documents
Senate Finance08/04/2020 Referred to

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Latest Summary (1)

There is one summary for S.4414. View summaries

Shown Here:
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.