SENATE 222117th CongressSubmitted in the Senate, considered, and agreed to without amendment and with a preamble by Unanimous Consent. (consideration: CR S2743; text: CR S2578)
A resolution recognizing and supporting the goals and ideals of National Sexual Assault Awareness and Prevention Month.
- Last Action
- 5/18/2021
Actions
- 2021-02-04Read twice and referred to the Committee on Finance.
- 2021-02-04Introduced in Senate
CRS Summary
As of 2021-02-04 (00)
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.
Cosponsors (15)
- Tammy Baldwin (D-WI)
- Charles Schumer (D-NY)
- Kirsten Gillibrand (D-NY)
- Christopher Coons (D-DE)
- Jeff Merkley (D-OR)
- Edward Markey (D-MA)
- Chris Van Hollen (D-MD)
- Sherrod Brown (D-OH)
- Martin Heinrich (D-NM)
- Brian Schatz (D-HI)
- Elizabeth Warren (D-MA)
- Bernard Sanders (I-VT)
- Richard Durbin (D-IL)
- Amy Klobuchar (D-MN)
- Richard Blumenthal (D-CT)
Subjects
- Advisory bodies
- Congressional oversight
- Employee benefits and pensions
- Executive agency funding and structure
- Financial services and investments
- Government studies and investigations
- Government trust funds
- Higher education
- Housing finance and home ownership
- Income tax exclusion
- Inflation and prices
- Securities
- Student aid and college costs
- Tax administration and collection, taxpayers
- Vocational and technical education
- Wages and earnings
Sourced from Congress.gov (public domain).
This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.