S. 441 · 118th Congress
American Opportunity Accounts Act
- Stage
- In committee
- Sponsor
- Cory Booker
- Introduced
- 2023-02-15
- Latest action
- 2023-02-15 · Introduced in Senate
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.