3.0.0 2155 2022-11-15T16:33:06Z 2022-11-15T16:33:06Z House H HR 2013-05-23 113 From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. FATTAH:H.R. 2155.Congress has the power to enact this legislation pursuantto the following:The Congress shall have Power to lay and collect Taxes,Duties, Imposts and Excises, to pay the Debts and provide forthe common Defence and general Welfare of the United States;but all Duties, Imposts and Excises shall be uniformthroughout the United States.[Page H2956]]]> hsed00 Education and the Workforce Committee House Standing hsed13 Higher Education and Workforce Development Subcomittee Referred to 2013-07-08T20:52:35Z hsed14 Early Childhood, Elementary, and Secondary Education Subcommittee Referred to 2013-07-08T20:30:46Z Referred to 2013-05-23T13:10:45Z American Dream Accounts Act of 2013 113 918 S 2013-05-09 Read twice and referred to the Committee on Health, Education, Labor, and Pensions. Identical bill CRS 2013-07-08 hsed13 Higher Education and Workforce Development Subcomittee 1 House committee actions Referred to the Subcommittee on Higher Education and Workforce Training. Committee 2013-07-08 hsed14 Early Childhood, Elementary, and Secondary Education Subcommittee 1 House committee actions Referred to the Subcommittee on Early Childhood, Elementary, and Secondary Education. Committee 2013-05-23 Referred to the House Committee on Education and the Workforce. IntroReferral H11100 2 House floor actions hsed00 Education and the Workforce Committee 2013-05-23 Introduced in House IntroReferral Intro-H 9 Library of Congress 2013-05-23 Introduced in House IntroReferral 1000 9 Library of Congress F000043 Rep. Fattah, Chaka [D-PA-2] CHAKA FATTAH D PA 2 N H000636 Rep. Hinojosa, Ruben [D-TX-15] RUBEN HINOJOSA D TX 15 2013-05-23 True Education Academic performance and assessments Bank accounts, deposits, capital Congressional oversight Education of the disadvantaged Education programs funding Elementary and secondary education Financial literacy Higher education Internet and video services Internet, web applications, social media Student aid and college costs Education 00 2013-05-23 Introduced in House 2013-06-08T16:37:50Z American Dream Accounts Act of 2013 - Authorizes the Secretary of Education to award competitive grants to eligible entities so each can establish and administer American Dream Accounts for a group of at least 30 low-income public school students who, at the time the entities apply for a grant, are attending a grade no higher than ninth grade.

Lists as eligible entities: (1) state educational agencies, (2) local educational agencies, (3) charter schools, (4) charter management organizations, (5) institutions of higher education (IHEs), (6) nonprofit organizations, (7) entities experienced in educational savings or assisting low-income students attain higher education, and (8) consortia of two or more of these entities.

Describes an American Dream Account as a personal online account for low-income students that monitors their progress toward higher education and includes a college savings account that provides some tax-preferred accumulation.

Requires American Dream Accounts to provide students with opportunities, either online or in person, to: (1) attain financial literacy; (2) learn about preparing for enrollment in an IHE; and (3) identify their skills or interests, including career interests.

Requires grantees, subject to federal privacy laws and regulations, to allow vested stakeholders to have secure Internet access to an American Dream Account, but not the college savings account portion of that Account.

Prohibits grantees from using their grant to provide the initial deposit into the college savings account portion of a student's American Dream Account.

Prohibits the funds in those college savings accounts from being considered in making federal student financial aid determinations.

]]> American Dream Accounts Act of 2013 Display Title American Dream Accounts Act of 2013 Short Titles as Introduced American Dream Accounts Act of 2013 Official Title as Introduced To award grants in order to establish longitudinal personal college readiness and savings online platforms for low-income students. Introduced in House 2013-05-23T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-113hr2155ih/xml/BILLS-113hr2155ih.xml 2013-07-08 Referred to the Subcommittee on Higher Education and Workforce Training. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.