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American Dream Down Payment Act of 2022

USA117th CongressS-4722| Senate 
| Updated: 8/2/2022
Raphael G. Warnock

Raphael G. Warnock

Democratic Senator

Georgia

Finance Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
American Dream Down Payment Act of 2022 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

S 116-4414
American Dream Down Payment Act of 2020
Feb 25, 2021

Latest Companion Bill Action

HR 117-1360
Introduced in House
Aug 2, 2022
Introduced in Senate
Aug 2, 2022
Read twice and referred to the Committee on Finance.
  • Bill from Previous Congress

    S 116-4414
    American Dream Down Payment Act of 2020


  • February 25, 2021

    Latest Companion Bill Action

    HR 117-1360
    Introduced in House


  • August 2, 2022
    Introduced in Senate


  • August 2, 2022
    Read twice and referred to the Committee on Finance.

Taxation

Related Bills

  • HR 117-1360: American Dream Down Payment Act of 2021

American Dream Down Payment Act of 2022

USA117th CongressS-4722| Senate 
| Updated: 8/2/2022
American Dream Down Payment Act of 2022 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

S 116-4414
American Dream Down Payment Act of 2020
Feb 25, 2021

Latest Companion Bill Action

HR 117-1360
Introduced in House
Aug 2, 2022
Introduced in Senate
Aug 2, 2022
Read twice and referred to the Committee on Finance.
  • Bill from Previous Congress

    S 116-4414
    American Dream Down Payment Act of 2020


  • February 25, 2021

    Latest Companion Bill Action

    HR 117-1360
    Introduced in House


  • August 2, 2022
    Introduced in Senate


  • August 2, 2022
    Read twice and referred to the Committee on Finance.
Raphael G. Warnock

Raphael G. Warnock

Democratic Senator

Georgia

Finance Committee

Taxation

Related Bills

  • HR 117-1360: American Dream Down Payment Act of 2021
  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted