American Opportunity Accounts Act
USA116th CongressHR-3922| House
| Updated: 7/23/2019
Ayanna Pressley
Democratic Representative
Massachusetts
Cosponsors (20)
Marc A. Veasey (Democratic)Barbara Lee (Democratic)Karen Bass (Democratic)Joyce Beatty (Democratic)Emanuel Cleaver (Democratic)Max Rose (Democratic)Sanford D. Bishop (Democratic)Ilhan Omar (Democratic)Frederica S. Wilson (Democratic)Danny K. Davis (Democratic)Henry C. "Hank" Johnson (Democratic)André Carson (Democratic)G. K. Butterfield (Democratic)John Lewis (Democratic)Eleanor Holmes Norton (Democratic)Bonnie Watson Coleman (Democratic)Yvette D. Clarke (Democratic)Cedric L. Richmond (Democratic)Rashida Tlaib (Democratic)Alcee L. Hastings (Democratic)
Ways and Means Committee
- Introduced
- In Committee
- On Floor
- Passed Chamber
- Enacted
American Opportunity Accounts Act This bill requires federally funded and managed savings accounts (American Opportunity Accounts) to be established for American children who are under the age of 18. The bill also increases and modifies (1) estate and gift taxes, and (2) capital gains taxes.
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Timeline
Introduced in House
Referred to the House Committee on Ways and Means.
Taxation
Accounting and auditingAdministrative law and regulatory proceduresAdvisory bodiesBank accounts, deposits, capitalCapital gains taxCongressional oversightDepartment of the TreasuryExecutive agency funding and structureFinancial literacyFinancial services and investmentsGovernment trust fundsHealth care costs and insuranceHigher educationHousing finance and home ownershipIncome tax exclusionIncome tax ratesInflation and pricesStudent aid and college costsTax administration and collection, taxpayersTax treatment of familiesTransfer and inheritance taxesWages and earnings
American Opportunity Accounts Act
USA116th CongressHR-3922| House
| Updated: 7/23/2019
American Opportunity Accounts Act This bill requires federally funded and managed savings accounts (American Opportunity Accounts) to be established for American children who are under the age of 18. The bill also increases and modifies (1) estate and gift taxes, and (2) capital gains taxes.
View Full TextSuggested Questions
Get AI-generated questions to help you understand this bill better
Timeline
Introduced in House
Referred to the House Committee on Ways and Means.
Ayanna Pressley
Democratic Representative
Massachusetts
Cosponsors (20)
Marc A. Veasey (Democratic)Barbara Lee (Democratic)Karen Bass (Democratic)Joyce Beatty (Democratic)Emanuel Cleaver (Democratic)Max Rose (Democratic)Sanford D. Bishop (Democratic)Ilhan Omar (Democratic)Frederica S. Wilson (Democratic)Danny K. Davis (Democratic)Henry C. "Hank" Johnson (Democratic)André Carson (Democratic)G. K. Butterfield (Democratic)John Lewis (Democratic)Eleanor Holmes Norton (Democratic)Bonnie Watson Coleman (Democratic)Yvette D. Clarke (Democratic)Cedric L. Richmond (Democratic)Rashida Tlaib (Democratic)Alcee L. Hastings (Democratic)
Ways and Means Committee
Taxation
Related Bills
- Introduced
- In Committee
- On Floor
- Passed Chamber
- Enacted
Accounting and auditingAdministrative law and regulatory proceduresAdvisory bodiesBank accounts, deposits, capitalCapital gains taxCongressional oversightDepartment of the TreasuryExecutive agency funding and structureFinancial literacyFinancial services and investmentsGovernment trust fundsHealth care costs and insuranceHigher educationHousing finance and home ownershipIncome tax exclusionIncome tax ratesInflation and pricesStudent aid and college costsTax administration and collection, taxpayersTax treatment of familiesTransfer and inheritance taxesWages and earnings