Senate bill S441-118

Finance Committee

American Opportunity Accounts Act

• Last activity on Feb 15, 2023

• Introduced Feb 15, 2023

• By Sen. Booker, Cory A. [D-NJ]

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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.

Senate Actions

IntroReferral
Feb. 15 2023	Read twice and referred to the Committee on Finance.

Library of Congress Actions

IntroReferral
Feb. 15 2023	Introduced in Senate

Senate bill S441-118

American Opportunity Accounts Act

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