Pipeline · Bill → Law
Step 1
Introduced
Feb 14, 2023
Step 2
Referred
Feb 14, 2023
Ways & Means
Step 3
Committee
Step 4
House floor
Step 5
Senate
Step 6
Resolve Changes
Step 7
Signed
SummaryCRS Summary
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.
Timeline · 2 actions
Feb 14, 2023
Introduced in House
Feb 14, 2023
Referred to the House Committee on Ways and Means.