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United States · Bill · S

S. 4414 (116th)

American Dream Down Payment Act of 2020

referredUnited States· United States Congress· EN

Introduced

4 August 2020

Last action

Status

Read twice and referred to the Committee on Finance.

Sponsors

Subjects

Discovery layer

Source updated

9 December 2025

Summary

American Dream Down Payment Act of 2020 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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Documents

3 official files

Introduced in Senate (text)

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Sources

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