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United States · Bill · HR

H.R. 4166 (102nd)

American Dream Assistance Act of 1992

referredUnited States· United States Congress· EN

Introduced

5 February 1992

Last action

Status

Referred to the House Committee on Ways and Means.

Sponsors

Subjects

Discovery layer

Source updated

26 August 2025

Summary

American Dream Assistance Act of 1992 - Amends the Internal Revenue Code to allow an individual to make penalty-free withdrawals from an individual retirement account for the acquisition by such individual or the individual's child of a principal residence which is a first home. Provides that a parent's guarantee of a loan to a child or the child's spouse or to the child's business is not a gift for gift tax purposes.

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Documents

2 official files

Introduced in House (text)

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Sources

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