SENATE 441118th CongressReferred to the Committee on the Judiciary. (text: CR S5232)

A resolution designating October 2023 as "National Learning Disabilities Awareness Month".

Last Action: 10/30/2023

Actions

2023-02-15Read twice and referred to the Committee on Finance.
2023-02-15Introduced in Senate

CRS Summary

As of 2023-02-15 (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 (16)

Richard Durbin (D-IL)
Edward Markey (D-MA)
Jeff Merkley (D-OR)
Elizabeth Warren (D-MA)
Bernard Sanders (I-VT)
Sherrod Brown (D-OH)
Richard Blumenthal (D-CT)
Chris Van Hollen (D-MD)
Brian Schatz (D-HI)
Sheldon Whitehouse (D-RI)
Charles Schumer (D-NY)
Tammy Baldwin (D-WI)
Amy Klobuchar (D-MN)
Kirsten Gillibrand (D-NY)
Martin Heinrich (D-NM)
Peter Welch (D-VT)

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

Read on Congress.gov

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