American Opportunity Accounts Act
USA116th CongressS-2231| Senate
| Updated: 7/23/2019
Cory A. Booker
Democratic Senator
New Jersey
Cosponsors (1)
Finance Committee
- Introduced
- In Committee
- On Floor
- Passed Chamber
- Enacted
American Opportunity Accounts Act This bill requires federally funded and managed savings accounts (American Opportunity Accounts) to be established for American children who are under the age of 18. The bill also increases and modifies (1) estate and gift taxes, and (2) capital gains taxes.
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Timeline
Introduced in Senate
Read twice and referred to the Committee on Finance.
Taxation
Accounting and auditingAdministrative law and regulatory proceduresAdvisory bodiesBank accounts, deposits, capitalCapital gains taxCongressional oversightDepartment of the TreasuryExecutive agency funding and structureFinancial literacyFinancial services and investmentsGovernment trust fundsHealth care costs and insuranceHigher educationHousing finance and home ownershipIncome tax exclusionIncome tax ratesInflation and pricesStudent aid and college costsTax administration and collection, taxpayersTax treatment of familiesTransfer and inheritance taxesWages and earnings
American Opportunity Accounts Act
USA116th CongressS-2231| Senate
| Updated: 7/23/2019
American Opportunity Accounts Act This bill requires federally funded and managed savings accounts (American Opportunity Accounts) to be established for American children who are under the age of 18. The bill also increases and modifies (1) estate and gift taxes, and (2) capital gains taxes.
View Full TextSuggested Questions
Get AI-generated questions to help you understand this bill better
Timeline
Introduced in Senate
Read twice and referred to the Committee on Finance.
Cory A. Booker
Democratic Senator
New Jersey
Cosponsors (1)
Finance Committee
Taxation
Related Bills
- Introduced
- In Committee
- On Floor
- Passed Chamber
- Enacted
Accounting and auditingAdministrative law and regulatory proceduresAdvisory bodiesBank accounts, deposits, capitalCapital gains taxCongressional oversightDepartment of the TreasuryExecutive agency funding and structureFinancial literacyFinancial services and investmentsGovernment trust fundsHealth care costs and insuranceHigher educationHousing finance and home ownershipIncome tax exclusionIncome tax ratesInflation and pricesStudent aid and college costsTax administration and collection, taxpayersTax treatment of familiesTransfer and inheritance taxesWages and earnings