Invest America Act

[AI summary unavailable — showing source text] [Congressional Bills 119th Congress] [From the U.S. Government Publishing Office] [S. 1718 Introduced in Senate (IS)] <DOC> 119th CONGRESS 1st Session S. 1718 To amend the Internal Revenue Code of 1986 to create invest America accounts. _______________________________________________________________________ IN THE SENATE OF THE UNITED STATES May 12, 2025 Mr. Cruz introduced the following bill; which was read twice and referred to the Committee on Finance _______________________________________________________________________ A BILL To amend the Internal Revenue Code of 1986 to create invest America accounts. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. SHORT TITLE. This Act may be cited as the ``Invest America Act''. SEC. 2. INVEST AMERICA ACCOUNTS. (a) In General.--Subchapter F of Chapter 1 of the Internal Revenue Code of 1986 is amended by adding at the end the following new part: ``PART IX--INVEST AMERICA ACCOUNTS ``SEC. 530A. INVEST AMERICA ACCOUNTS. ``(a) General Rule.--An invest America account shall be exempt from taxation under this subtitle. Notwithstanding the preceding sentence, such acco…