HR 835 · 117th Congress · Taxation

American Opportunity Accounts Act

Introduced 2021-02-04· Sponsored by Rep. Pressley, Ayanna [D-MA-7]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the House Committee on Ways and Means.(2021-02-04)

Plain Language Summary

[AI summary unavailable — showing source text] 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.…

Summarized by Claude AI · Non-partisan · For informational purposes only

Cosponsors (20)

20 Democrats
Del. Norton, Eleanor Holmes [D-DC-At Large]DC
Rep. Bishop, Sanford D., Jr. [D-GA-2]GA
Rep. Tlaib, Rashida [D-MI-13]MI
Rep. Clarke, Yvette D. [D-NY-9]NY
Rep. Thompson, Bennie G. [D-MS-2]MS
Rep. Beatty, Joyce [D-OH-3]OH
Rep. Carson, Andre [D-IN-7]IN
Rep. Blumenauer, Earl [D-OR-3]OR
Rep. Meng, Grace [D-NY-6]NY
Rep. Jayapal, Pramila [D-WA-7]WA
Rep. Meeks, Gregory W. [D-NY-5]NY
Rep. Omar, Ilhan [D-MN-5]MN
Rep. Ocasio-Cortez, Alexandria [D-NY-14]NY
Rep. Auchincloss, Jake [D-MA-4]MA
Rep. Maloney, Carolyn B. [D-NY-12]NY
Rep. Bowman, Jamaal [D-NY-16]NY
Rep. Bush, Cori [D-MO-1]MO
Rep. Jones, Mondaire [D-NY-17]NY
Rep. Green, Al [D-TX-9]TX
Rep. Lee, Barbara [D-CA-13]CA