Money Accounts for Growth and Advancement Act

[AI summary unavailable — showing source text] [Congressional Bills 119th Congress] [From the U.S. Government Publishing Office] [H.R. 3407 Introduced in House (IH)] <DOC> 119th CONGRESS 1st Session H. R. 3407 To amend the Internal Revenue Code of 1986 to exempt money accounts for growth and advancement from taxation, and for other purposes. _______________________________________________________________________ IN THE HOUSE OF REPRESENTATIVES May 14, 2025 Mr. Moore of Utah introduced the following bill; which was referred to the Committee on Ways and Means _______________________________________________________________________ A BILL To amend the Internal Revenue Code of 1986 to exempt money accounts for growth and advancement from taxation, and for other purposes. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. SHORT TITLE; ETC. (a) Short Title.--This Act may be cited as the ``Money Accounts for Growth and Advancement Act'' or the ``MAGA Act''. (b) References.--Except as otherwise expressly provided, whenever in this Act an amendment or repeal is expressed in terms of an amendment to, or repeal of, a section or other provision, the reference shal…