3.0.0 3922 2022-11-01T13:50:26Z 2022-11-01T13:50:26Z House HR 2019-07-23 116 [Congressional Record Volume 165, Number 124 (Tuesday, July 23, 2019)][House]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Ms. PRESSLEY:H.R. 3922.Congress has the power to enact this legislation pursuantto the following:Article I, Section 8 of the US Constitution[Page H7243]]]> hswm00 Ways and Means Committee House Standing Referred to 2019-07-23T16:04:40Z American Opportunity Accounts Act 116 2231 S 2019-07-23 Read twice and referred to the Committee on Finance. Identical bill CRS 2019-07-23 Referred to the House Committee on Ways and Means. IntroReferral H11100 2 House floor actions hswm00 Ways and Means Committee 2019-07-23 Introduced in House IntroReferral Intro-H 9 Library of Congress 2019-07-23 Introduced in House IntroReferral 1000 9 Library of Congress P000617 Rep. Pressley, Ayanna [D-MA-7] Ayanna Pressley D MA 7 N W000822 Rep. Watson Coleman, Bonnie [D-NJ-12] Bonnie Watson Coleman D NJ 12 2019-07-25 False O000173 Rep. Omar, Ilhan [D-MN-5] Ilhan Omar D MN 5 2019-07-25 False L000551 Rep. Lee, Barbara [D-CA-13] BARBARA LEE D CA 13 2019-07-30 False N000147 Del. Norton, Eleanor Holmes [D-DC-At Large] ELEANOR NORTON D DC HOLMES 0 2019-07-30 False C001072 Rep. Carson, Andre [D-IN-7] Andre Carson D IN 7 2019-07-30 False C001067 Rep. Clarke, Yvette D. [D-NY-9] Yvette Clarke D NY D. 9 2019-09-24 False D000096 Rep. Davis, Danny K. [D-IL-7] DANNY DAVIS D IL K. 7 2019-09-24 False L000287 Rep. Lewis, John [D-GA-5] JOHN LEWIS D GA 5 2019-09-24 False R000588 Rep. Richmond, Cedric L. [D-LA-2] Cedric Richmond D LA L. 2 2019-09-24 False C001061 Rep. Cleaver, Emanuel [D-MO-5] Emanuel Cleaver D MO 5 2019-09-24 False H000324 Rep. Hastings, Alcee L. [D-FL-20] ALCEE HASTINGS D FL L. 20 2019-09-24 False B001251 Rep. Butterfield, G. K. [D-NC-1] G. K. Butterfield D NC 1 2019-09-24 False B000490 Rep. Bishop, Sanford D., Jr. [D-GA-2] SANFORD BISHOP D GA D. 2 2019-09-24 False V000131 Rep. Veasey, Marc A. [D-TX-33] Marc Veasey D TX A. 33 2019-09-24 False J000288 Rep. Johnson, Henry C. "Hank," Jr. [D-GA-4] Henry Johnson D GA C. "Hank" 4 2019-09-24 False B001270 Rep. Bass, Karen [D-CA-37] Karen Bass D CA 37 2019-09-24 False B001281 Rep. Beatty, Joyce [D-OH-3] Joyce Beatty D OH 3 2019-09-24 False W000808 Rep. Wilson, Frederica S. [D-FL-24] Frederica Wilson D FL S. 24 2019-09-24 False T000481 Rep. Tlaib, Rashida [D-MI-13] Rashida Tlaib D MI 13 2019-09-27 False R000613 Rep. Rose, Max [D-NY-11] Max Rose D NY 11 2020-12-07 False 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 2019-07-23 Introduced in House 2019-09-18T18:45:10Z 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 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 House IH Short Title(s) as Introduced American Opportunity Accounts Act Introduced in House IH Introduced in House 2019-07-23T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-116hr3922ih/xml/BILLS-116hr3922ih.xml 2019-07-23 Referred to the House Committee on Ways and Means. 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.