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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 Opportunity Accounts Act

Official Titles

Official Titles - Senate

Official Titles as Introduced

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

Actions Overview (1)

Date Actions Overview
02/04/2021Introduced in Senate

All Actions (1)

Date All Actions
02/04/2021Read twice and referred to the Committee on Finance.
Action By: Senate

Cosponsors (15)

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 Finance02/04/2021 Referred to

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Latest Summary (1)

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Introduced in Senate (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.