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    <introducedDate>2023-02-14</introducedDate>
    <congress>118</congress>
    <legislationUrl>https://www.congress.gov/bill/118th-congress/house-bill/1041</legislationUrl>
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      <constitutionalAuthorityStatementText>&lt;pre&gt;[Congressional Record Volume 169, Number 30 (Tuesday, February 14, 2023)][House]From the Congressional Record Online through the Government Publishing Office [&lt;a href="https://www.gpo.gov"&gt;www.gpo.gov&lt;/a&gt;]By Ms. PRESSLEY:H.R. 1041.Congress has the power to enact this legislation pursuantto the following:Article I, Section 8, Clause 18 of the United StatesConstitution.The single subject of this legislation is:This bill will help reduce wealth inequality.[Page H842]&lt;/pre&gt;</constitutionalAuthorityStatementText>
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        <title>American Opportunity Accounts Act</title>
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        <fullName>Rep. Pressley, Ayanna [D-MA-7]</fullName>
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        <fullName>Rep. Carter, Troy [D-LA-2]</fullName>
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        <fullName>Rep. Jayapal, Pramila [D-WA-7]</fullName>
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        <fullName>Rep. Bowman, Jamaal [D-NY-16]</fullName>
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        <fullName>Del. Norton, Eleanor Holmes [D-DC-At Large]</fullName>
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        <fullName>Rep. Davis, Danny K. [D-IL-7]</fullName>
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        <fullName>Rep. Evans, Dwight [D-PA-3]</fullName>
        <firstName>Dwight</firstName>
        <lastName>Evans</lastName>
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        <fullName>Rep. Blumenauer, Earl [D-OR-3]</fullName>
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        <state>OR</state>
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        <bioguideId>O000173</bioguideId>
        <fullName>Rep. Omar, Ilhan [D-MN-5]</fullName>
        <firstName>Ilhan</firstName>
        <lastName>Omar</lastName>
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        <state>MN</state>
        <district>5</district>
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        <fullName>Rep. Moulton, Seth [D-MA-6]</fullName>
        <firstName>Seth</firstName>
        <lastName>Moulton</lastName>
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        <fullName>Rep. Meng, Grace [D-NY-6]</fullName>
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        <fullName>Rep. Larson, John B. [D-CT-1]</fullName>
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        <state>CT</state>
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        <fullName>Rep. Carson, Andre [D-IN-7]</fullName>
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        <fullName>Rep. Thompson, Bennie G. [D-MS-2]</fullName>
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        <fullName>Rep. Cleaver, Emanuel [D-MO-5]</fullName>
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        <fullName>Rep. Clarke, Yvette D. [D-NY-9]</fullName>
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        <bioguideId>D000216</bioguideId>
        <fullName>Rep. DeLauro, Rosa L. [D-CT-3]</fullName>
        <firstName>ROSA</firstName>
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        <party>D</party>
        <state>CT</state>
        <district>3</district>
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        <bioguideId>S001145</bioguideId>
        <fullName>Rep. Schakowsky, Janice D. [D-IL-9]</fullName>
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        <bioguideId>J000305</bioguideId>
        <fullName>Rep. Jacobs, Sara [D-CA-51]</fullName>
        <firstName>Sara</firstName>
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        <bioguideId>B001224</bioguideId>
        <fullName>Rep. Bush, Cori [D-MO-1]</fullName>
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        <fullName>Rep. Crockett, Jasmine [D-TX-30]</fullName>
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        <fullName>Rep. Courtney, Joe [D-CT-2]</fullName>
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        <bioguideId>B001300</bioguideId>
        <fullName>Rep. Barragan, Nanette Diaz [D-CA-44]</fullName>
        <firstName>Nanette</firstName>
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        <middleName>Diaz</middleName>
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        <bioguideId>C001131</bioguideId>
        <fullName>Rep. Casar, Greg [D-TX-35]</fullName>
        <firstName>Greg</firstName>
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        <fullName>Rep. Ocasio-Cortez, Alexandria [D-NY-14]</fullName>
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        <fullName>Rep. Lee, Summer L. [D-PA-12]</fullName>
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        <fullName>Rep. Dean, Madeleine [D-PA-4]</fullName>
        <firstName>Madeleine</firstName>
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        <fullName>Rep. Phillips, Dean [D-MN-3]</fullName>
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        <fullName>Rep. Slotkin, Elissa [D-MI-7]</fullName>
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          <name>Advisory bodies</name>
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        <actionDesc>Introduced in House</actionDesc>
        <updateDate>2023-03-15T14:27:57Z</updateDate>
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          <text>&lt;p&gt;&lt;b&gt;American Opportunity Accounts Act&lt;/b&gt;&lt;/p&gt; &lt;p&gt;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.&lt;/p&gt;</text>
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    <title>American Opportunity Accounts Act</title>
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      <actionDate>2023-02-14</actionDate>
      <text>Referred to the House Committee on Ways and Means.</text>
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    <dc:rights>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.</dc:rights>
    <dc:contributor>Congressional Research Service, Library of Congress</dc:contributor>
    <dc:description>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.</dc:description>
  </dublinCore>
</billStatus>
