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United States · Bill · HR

H.R. 1041 (118th)

American Opportunity Accounts Act

referredUnited States· United States Congress· EN

Introduced

14 February 2023

Last action

14 February 2023 · Introduced

Status

Referred to the House Committee on Ways and Means.

Sponsors

Rep. Pressley, Ayanna [D-MA-7], Rep. Tlaib, Rashida [D-MI-12], Rep. Watson Coleman, Bonnie [D-NJ-12], Rep. Beatty, Joyce [D-OH-3], Rep. Auchincloss, Jake [D-MA-4], Rep. Carter, Troy A. [D-LA-2], Rep. Lee, Barbara [D-CA-12], Rep. Jayapal, Pramila [D-WA-7], Rep. Bowman, Jamaal [D-NY-16], Del. Norton, Eleanor Holmes [D-DC-At Large], Rep. Davis, Danny K. [D-IL-7], Rep. Evans, Dwight [D-PA-3], Rep. Blumenauer, Earl [D-OR-3], Rep. Omar, Ilhan [D-MN-5], Rep. Moulton, Seth [D-MA-6], Rep. Meng, Grace [D-NY-6], Rep. Larson, John B. [D-CT-1], Rep. Carson, André [D-IN-7], Rep. Thompson, Bennie G. [D-MS-2], Rep. Cleaver, Emanuel [D-MO-5], Rep. Clarke, Yvette D. [D-NY-9], Rep. DeLauro, Rosa L. [D-CT-3], Rep. Schakowsky, Janice D. [D-IL-9], Rep. Jacobs, Sara [D-CA-51], Rep. Bush, Cori [D-MO-1], Rep. Crockett, Jasmine [D-TX-30], Rep. Courtney, Joe [D-CT-2], Rep. Barragán, Nanette Diaz [D-CA-44], Rep. Casar, Greg [D-TX-35], Rep. Ocasio-Cortez, Alexandria [D-NY-14], Rep. Lee, Summer L. [D-PA-12], Rep. Dean, Madeleine [D-PA-4], Rep. Phillips, Dean [D-MN-3], Sen. Slotkin, Elissa [D-MI]

Subjects

Taxation

Source updated

5 December 2025

Taxation

Official sourceDownload fileView documentsShare

Summary

American Opportunity Accounts Act This bill establishes tax-exempt American Opportunity Accounts to provide children at birth with a $1,000 savings account with annual contributions up to $2,000 depending on family income. The accounts are available to children at age 18 for specified purposes, including educational expenses, home ownership, and investment that provides long-term returns.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

  1. 14 February 2023

    Introduced

    Referred to the House Committee on Ways and Means.

    Source: IntroReferral

  2. 14 February 2023

    Introduced

    Introduced in House

    Source: IntroReferral

  3. 14 February 2023

    Introduced

    Introduced in House

    Source: IntroReferral

Votes

No vote records are attached yet.

Versions

Documents

3 official files

Introduced in House (text)

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  • Introduced in House (text)

    Introduced in House · EN · 14 February 2023

    ViewDownloadOpen at official source

  • Introduced in House (PDF)

    Introduced in House · EN · 14 February 2023

    ViewDownloadOpen at official source

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  • Introduced in House

    summary · EN · 14 February 2023

    Open at official source

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Sponsors

Related records

Sources

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