S 4722 · 117th Congress · Taxation

American Dream Down Payment Act of 2022

Introduced 2022-08-02· Sponsored by Sen. Warnock, Raphael G. [D-GA]· Senate

Bill Progress

✓
Introduced
2
Committee
3
Senate Vote
4
House
5
Enacted
Latest: Read twice and referred to the Committee on Finance.(2022-08-02)

Plain Language Summary

[AI summary unavailable — showing source text] American Dream Down Payment Act of 2022 This bill establishes qualified down payment savings programs that allow taxpayers to establish tax-free accounts to save for down payments, including closing costs, on a principal residence. The Department of the Treasury, in coordination with the Securities and Exchange Commission, must report on matters relating to such accounts, including the number of states that have established down payment savings programs and information about beneficiaries of such programs.…

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