3.0.0 3766 2023-01-11T13:40:40Z 2023-01-11T13:40:40Z Senate S 2018-12-18 115 ssfi00 Finance Committee Senate Standing Referred to 2018-12-18T17:04:54Z 2018-12-18 ssfi00 Finance Committee Senate Read twice and referred to the Committee on Finance. IntroReferral 2018-12-18 Introduced in Senate IntroReferral 10000 9 Library of Congress B001288 Sen. Booker, Cory A. [D-NJ] Cory Booker D NJ N Taxation Accounting and auditing Administrative law and regulatory procedures Advisory bodies Bank accounts, deposits, capital Capital gains tax Congressional oversight Department of the Treasury Executive agency funding and structure Financial literacy Financial services and investments Government trust funds Health care costs and insurance Higher education Housing finance and home ownership Income tax exclusion Income tax rates Inflation and prices Student aid and college costs Tax administration and collection, taxpayers Tax treatment of families Transfer and inheritance taxes Wages and earnings Taxation 00 2018-12-18 Introduced in Senate 2019-05-21T18:54:51Z 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.

]]> American Opportunity Accounts Act Display Title American Opportunity Accounts Act Official Title as Introduced A bill to establish American opportunity accounts, to modify estate and gift tax rules, to reform the taxation of capital income, and for other purposes. Introduced in Senate IS Short Titles as Introduced American Opportunity Accounts Act Introduced in Senate 2018-12-18T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-115s3766is/xml/BILLS-115s3766is.xml 2018-12-18 Read twice and referred to the Committee on Finance. 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.