3.0.0 8176 2023-01-11T13:45:01Z 2023-01-11T13:45:01Z House HR 2020-09-04 116 [Congressional Record Volume 166, Number 153 (Friday, September 4, 2020)][House]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. MEEKS:H.R. 8176.Congress has the power to enact this legislation pursuantto the following:Article 1.[Page H4326]]]> hswm00 Ways and Means Committee House Standing Referred to 2020-09-04T14:30:45Z American Dream Down Payment Act of 2020 116 4414 S 2020-08-04 Read twice and referred to the Committee on Finance. Identical bill CRS 2020-09-04 Referred to the House Committee on Ways and Means. IntroReferral H11100 2 House floor actions hswm00 Ways and Means Committee 2020-09-04 Introduced in House IntroReferral Intro-H 9 Library of Congress 2020-09-04 Introduced in House IntroReferral 1000 9 Library of Congress M001137 Rep. Meeks, Gregory W. [D-NY-5] GREGORY MEEKS D NY W. 5 N G000553 Rep. Green, Al [D-TX-9] Al Green D TX 9 2020-09-04 True Taxation Bank accounts, deposits, capital Financial services and investments Government information and archives Housing finance and home ownership Income tax exclusion Inflation and prices State and local government operations Transfer and inheritance taxes Taxation 00 2020-09-04 Introduced in House 2020-10-14T18:03:06Z American Dream Down Payment Act of 2020

This bill establishes qualified down payment savings programs that allow taxpayers to establish tax-free accounts to save for down payments, including closing costs, on a principal residence. The Department of the Treasury, in coordination with the Securities and Exchange Commission, must report on matters relating to such accounts, including the number of states that have established down payment savings programs and information about beneficiaries of such programs.

]]> American Dream Down Payment Act of 2020 Display Title American Dream Down Payment Act of 2020 Short Title(s) as Introduced American Dream Down Payment Act of 2020 Introduced in House IH Official Title as Introduced To amend the Internal Revenue Code of 1986 to establish qualified down payment savings programs. Introduced in House IH Introduced in House 2020-09-04T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-116hr8176ih/xml/BILLS-116hr8176ih.xml 2020-09-04 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.