American Dream Down Payment Act of 2021

United States117th CongressHR-1360House of Representatives
Updated: Feb 25, 2021

Summary

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.

Bill texts

Available versions
Introduced (House)View official text

1 version available

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Timeline

Latest companion bill action

S-4722: American Dream Down Payment Act of 2022

Introduced in Senate

  1. Referred to the House Committee on Ways and Means.

    House of Representatives

  2. Introduced in House

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