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American Dream Down Payment Act of 2021

USA117th CongressHR-1360| House 
| Updated: 2/25/2021
Gregory W. Meeks

Gregory W. Meeks

Democratic Representative

New York

Cosponsors (4)
Al Lawson (Democratic)Joyce Beatty (Democratic)Steven Horsford (Democratic)Al Green (Democratic)

Ways and Means Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
American Dream Down Payment Act of 2021 This bill establishes qualified down payment savings programs that allow taxpayers to establish tax-free accounts to save for down payments, including closing costs, on a principal residence. The Department of the Treasury, in coordination with the Securities and Exchange Commission, must report on matters relating to such accounts, including the number of states that have established down payment savings programs and information about beneficiaries of such programs.
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Timeline

Bill from Previous Congress

HR 116-8176
American Dream Down Payment Act of 2020
Feb 25, 2021
Introduced in House
Feb 25, 2021
Referred to the House Committee on Ways and Means.
Aug 2, 2022

Latest Companion Bill Action

S 117-4722
Introduced in Senate
  • Bill from Previous Congress

    HR 116-8176
    American Dream Down Payment Act of 2020


  • February 25, 2021
    Introduced in House


  • February 25, 2021
    Referred to the House Committee on Ways and Means.


  • August 2, 2022

    Latest Companion Bill Action

    S 117-4722
    Introduced in Senate

Taxation

Related Bills

  • S 117-4722: American Dream Down Payment Act of 2022
Bank accounts, deposits, capitalFinancial services and investmentsGovernment information and archivesHousing finance and home ownershipIncome tax exclusionInflation and pricesState and local government operationsTransfer and inheritance taxes

American Dream Down Payment Act of 2021

USA117th CongressHR-1360| House 
| Updated: 2/25/2021
American Dream Down Payment Act of 2021 This bill establishes qualified down payment savings programs that allow taxpayers to establish tax-free accounts to save for down payments, including closing costs, on a principal residence. The Department of the Treasury, in coordination with the Securities and Exchange Commission, must report on matters relating to such accounts, including the number of states that have established down payment savings programs and information about beneficiaries of such programs.
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline

Bill from Previous Congress

HR 116-8176
American Dream Down Payment Act of 2020
Feb 25, 2021
Introduced in House
Feb 25, 2021
Referred to the House Committee on Ways and Means.
Aug 2, 2022

Latest Companion Bill Action

S 117-4722
Introduced in Senate
  • Bill from Previous Congress

    HR 116-8176
    American Dream Down Payment Act of 2020


  • February 25, 2021
    Introduced in House


  • February 25, 2021
    Referred to the House Committee on Ways and Means.


  • August 2, 2022

    Latest Companion Bill Action

    S 117-4722
    Introduced in Senate
Gregory W. Meeks

Gregory W. Meeks

Democratic Representative

New York

Cosponsors (4)
Al Lawson (Democratic)Joyce Beatty (Democratic)Steven Horsford (Democratic)Al Green (Democratic)

Ways and Means Committee

Taxation

Related Bills

  • S 117-4722: American Dream Down Payment Act of 2022
  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Bank accounts, deposits, capitalFinancial services and investmentsGovernment information and archivesHousing finance and home ownershipIncome tax exclusionInflation and pricesState and local government operationsTransfer and inheritance taxes