Summary: H.R.835 — 117th Congress (2021-2022)All Information (Except Text)

There is one summary for H.R.835. Bill summaries are authored by CRS.

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Introduced in House (02/04/2021)

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.