CSA OPPORTUNITY Act
USA116th CongressHR-8204| House
| Updated: 10/30/2020
Matt Cartwright
Democratic Representative
Pennsylvania
Cosponsors (4)
Ways and Means Committee, Agriculture Committee, Energy and Commerce Committee, Education and Workforce Committee, Nutrition and Foreign Agriculture Subcommittee
- Introduced
- In Committee
- On Floor
- Passed Chamber
- Enacted
Children's Savings Accounts Offer Parents Plenty Of Reasons To Understand and Invest in Tuition Yearly Act or the CSA OPPORTUNITY Act This bill excludes the value of certain children's savings accounts, provided they meet specified requirements, when determining eligibility for particular means-tested federal programs. To be excluded, the savings account must be created as part of a program organized by a government, nonprofit, school district, or college or university and meet other administrative criteria. Furthermore, proceeds of the account may only be used for postsecondary educational expenses, the purchase of a first home, or costs associated with starting a business once the individual receives a secondary school diploma or equivalent.
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Timeline
Introduced in House
Referred to the Committee on Ways and Means, and in addition to the Committees on Agriculture, Energy and Commerce, and Education and Labor, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Referred to the Subcommittee on Nutrition, Oversight, and Department Operations.
Social Welfare
Bank accounts, deposits, capitalBusiness investment and capitalEnergy assistance for the poor and agedFood assistance and reliefHigher educationHousing finance and home ownershipPoverty and welfare assistanceStudent aid and college costs
CSA OPPORTUNITY Act
USA116th CongressHR-8204| House
| Updated: 10/30/2020
Children's Savings Accounts Offer Parents Plenty Of Reasons To Understand and Invest in Tuition Yearly Act or the CSA OPPORTUNITY Act This bill excludes the value of certain children's savings accounts, provided they meet specified requirements, when determining eligibility for particular means-tested federal programs. To be excluded, the savings account must be created as part of a program organized by a government, nonprofit, school district, or college or university and meet other administrative criteria. Furthermore, proceeds of the account may only be used for postsecondary educational expenses, the purchase of a first home, or costs associated with starting a business once the individual receives a secondary school diploma or equivalent.
View Full TextSuggested Questions
Get AI-generated questions to help you understand this bill better
Timeline
Introduced in House
Referred to the Committee on Ways and Means, and in addition to the Committees on Agriculture, Energy and Commerce, and Education and Labor, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Referred to the Subcommittee on Nutrition, Oversight, and Department Operations.
Matt Cartwright
Democratic Representative
Pennsylvania
Cosponsors (4)
Ways and Means Committee, Agriculture Committee, Energy and Commerce Committee, Education and Workforce Committee, Nutrition and Foreign Agriculture Subcommittee
Social Welfare
- Introduced
- In Committee
- On Floor
- Passed Chamber
- Enacted
Bank accounts, deposits, capitalBusiness investment and capitalEnergy assistance for the poor and agedFood assistance and reliefHigher educationHousing finance and home ownershipPoverty and welfare assistanceStudent aid and college costs