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    <number>441</number>
    <updateDate>2025-12-05T08:13:25Z</updateDate>
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    <introducedDate>2023-02-15</introducedDate>
    <congress>118</congress>
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            <date>2023-02-15T21:06:28Z</date>
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        <title>American Opportunity Accounts Act</title>
        <congress>118</congress>
        <number>1041</number>
        <type>HR</type>
        <latestAction>
          <actionDate>2023-02-14</actionDate>
          <text>Referred to the House Committee on Ways and Means.</text>
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        <text>Introduced in Senate</text>
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          <name>Library of Congress</name>
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        <fullName>Sen. Booker, Cory A. [D-NJ]</fullName>
        <firstName>Cory</firstName>
        <lastName>Booker</lastName>
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        <fullName>Sen. Durbin, Richard J. [D-IL]</fullName>
        <firstName>Richard</firstName>
        <lastName>Durbin</lastName>
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        <state>IL</state>
        <middleName>J.</middleName>
        <sponsorshipDate>2023-02-15</sponsorshipDate>
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      <item>
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        <fullName>Sen. Markey, Edward J. [D-MA]</fullName>
        <firstName>Edward</firstName>
        <lastName>Markey</lastName>
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        <state>MA</state>
        <middleName>J.</middleName>
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        <bioguideId>M001176</bioguideId>
        <fullName>Sen. Merkley, Jeff [D-OR]</fullName>
        <firstName>Jeff</firstName>
        <lastName>Merkley</lastName>
        <party>D</party>
        <state>OR</state>
        <sponsorshipDate>2023-02-15</sponsorshipDate>
        <isOriginalCosponsor>True</isOriginalCosponsor>
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      <item>
        <bioguideId>W000817</bioguideId>
        <fullName>Sen. Warren, Elizabeth [D-MA]</fullName>
        <firstName>Elizabeth</firstName>
        <lastName>Warren</lastName>
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        <state>MA</state>
        <middleName>A.</middleName>
        <sponsorshipDate>2023-02-15</sponsorshipDate>
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        <bioguideId>S000033</bioguideId>
        <fullName>Sen. Sanders, Bernard [I-VT]</fullName>
        <firstName>Bernard</firstName>
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        <state>VT</state>
        <sponsorshipDate>2023-02-15</sponsorshipDate>
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        <bioguideId>B000944</bioguideId>
        <fullName>Sen. Brown, Sherrod [D-OH]</fullName>
        <firstName>Sherrod</firstName>
        <lastName>Brown</lastName>
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        <state>OH</state>
        <sponsorshipDate>2023-02-15</sponsorshipDate>
        <isOriginalCosponsor>True</isOriginalCosponsor>
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      <item>
        <bioguideId>B001277</bioguideId>
        <fullName>Sen. Blumenthal, Richard [D-CT]</fullName>
        <firstName>Richard</firstName>
        <lastName>Blumenthal</lastName>
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        <state>CT</state>
        <sponsorshipDate>2023-02-15</sponsorshipDate>
        <isOriginalCosponsor>True</isOriginalCosponsor>
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        <bioguideId>V000128</bioguideId>
        <fullName>Sen. Van Hollen, Chris [D-MD]</fullName>
        <firstName>Chris</firstName>
        <lastName>Van Hollen</lastName>
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        <state>MD</state>
        <sponsorshipDate>2023-02-15</sponsorshipDate>
        <isOriginalCosponsor>True</isOriginalCosponsor>
      </item>
      <item>
        <bioguideId>S001194</bioguideId>
        <fullName>Sen. Schatz, Brian [D-HI]</fullName>
        <firstName>Brian</firstName>
        <lastName>Schatz</lastName>
        <party>D</party>
        <state>HI</state>
        <sponsorshipDate>2023-02-15</sponsorshipDate>
        <isOriginalCosponsor>True</isOriginalCosponsor>
      </item>
      <item>
        <bioguideId>W000802</bioguideId>
        <fullName>Sen. Whitehouse, Sheldon [D-RI]</fullName>
        <firstName>Sheldon</firstName>
        <lastName>Whitehouse</lastName>
        <party>D</party>
        <state>RI</state>
        <sponsorshipDate>2023-02-15</sponsorshipDate>
        <isOriginalCosponsor>True</isOriginalCosponsor>
      </item>
      <item>
        <bioguideId>S000148</bioguideId>
        <fullName>Sen. Schumer, Charles E. [D-NY]</fullName>
        <firstName>Charles</firstName>
        <lastName>Schumer</lastName>
        <party>D</party>
        <state>NY</state>
        <middleName>E.</middleName>
        <sponsorshipDate>2023-02-15</sponsorshipDate>
        <isOriginalCosponsor>True</isOriginalCosponsor>
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        <bioguideId>B001230</bioguideId>
        <fullName>Sen. Baldwin, Tammy [D-WI]</fullName>
        <firstName>Tammy</firstName>
        <lastName>Baldwin</lastName>
        <party>D</party>
        <state>WI</state>
        <sponsorshipDate>2023-02-15</sponsorshipDate>
        <isOriginalCosponsor>True</isOriginalCosponsor>
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      <item>
        <bioguideId>K000367</bioguideId>
        <fullName>Sen. Klobuchar, Amy [D-MN]</fullName>
        <firstName>Amy</firstName>
        <lastName>Klobuchar</lastName>
        <party>D</party>
        <state>MN</state>
        <sponsorshipDate>2023-02-15</sponsorshipDate>
        <isOriginalCosponsor>True</isOriginalCosponsor>
      </item>
      <item>
        <bioguideId>G000555</bioguideId>
        <fullName>Sen. Gillibrand, Kirsten E. [D-NY]</fullName>
        <firstName>Kirsten</firstName>
        <lastName>Gillibrand</lastName>
        <party>D</party>
        <state>NY</state>
        <middleName>E.</middleName>
        <sponsorshipDate>2023-02-15</sponsorshipDate>
        <isOriginalCosponsor>True</isOriginalCosponsor>
      </item>
      <item>
        <bioguideId>H001046</bioguideId>
        <fullName>Sen. Heinrich, Martin [D-NM]</fullName>
        <firstName>Martin</firstName>
        <lastName>Heinrich</lastName>
        <party>D</party>
        <state>NM</state>
        <middleName>T.</middleName>
        <sponsorshipDate>2023-02-15</sponsorshipDate>
        <isOriginalCosponsor>True</isOriginalCosponsor>
      </item>
      <item>
        <bioguideId>W000800</bioguideId>
        <fullName>Sen. Welch, Peter [D-VT]</fullName>
        <firstName>Peter</firstName>
        <lastName>Welch</lastName>
        <party>D</party>
        <state>VT</state>
        <sponsorshipDate>2023-12-19</sponsorshipDate>
        <isOriginalCosponsor>False</isOriginalCosponsor>
      </item>
    </cosponsors>
    <policyArea>
      <name>Taxation</name>
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    <subjects>
      <legislativeSubjects>
        <item>
          <name>Advisory bodies</name>
          <updateDate>2023-03-15T14:00:23Z</updateDate>
        </item>
        <item>
          <name>Congressional oversight</name>
          <updateDate>2023-03-15T14:00:23Z</updateDate>
        </item>
        <item>
          <name>Employee benefits and pensions</name>
          <updateDate>2023-03-15T14:00:23Z</updateDate>
        </item>
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          <name>Executive agency funding and structure</name>
          <updateDate>2023-03-15T14:00:23Z</updateDate>
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          <name>Financial services and investments</name>
          <updateDate>2023-03-15T14:00:23Z</updateDate>
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          <name>Government studies and investigations</name>
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          <name>Government trust funds</name>
          <updateDate>2023-03-15T14:00:23Z</updateDate>
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        <item>
          <name>Higher education</name>
          <updateDate>2023-03-15T14:00:23Z</updateDate>
        </item>
        <item>
          <name>Housing finance and home ownership</name>
          <updateDate>2023-03-15T14:00:23Z</updateDate>
        </item>
        <item>
          <name>Income tax exclusion</name>
          <updateDate>2023-03-15T14:00:23Z</updateDate>
        </item>
        <item>
          <name>Inflation and prices</name>
          <updateDate>2023-03-15T14:00:23Z</updateDate>
        </item>
        <item>
          <name>Securities</name>
          <updateDate>2023-03-15T14:00:23Z</updateDate>
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        <item>
          <name>Student aid and college costs</name>
          <updateDate>2023-03-15T14:00:23Z</updateDate>
        </item>
        <item>
          <name>Tax administration and collection, taxpayers</name>
          <updateDate>2023-03-15T14:00:23Z</updateDate>
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        <item>
          <name>Vocational and technical education</name>
          <updateDate>2023-03-15T14:00:23Z</updateDate>
        </item>
        <item>
          <name>Wages and earnings</name>
          <updateDate>2023-03-15T14:00:24Z</updateDate>
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      <policyArea>
        <name>Taxation</name>
        <updateDate>2023-03-09T14:12:14Z</updateDate>
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    <summaries>
      <summary>
        <versionCode>00</versionCode>
        <actionDate>2023-02-15</actionDate>
        <actionDesc>Introduced in Senate</actionDesc>
        <updateDate>2023-03-09T18:28:07Z</updateDate>
        <cdata>
          <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>
        </cdata>
      </summary>
    </summaries>
    <title>American Opportunity Accounts Act</title>
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        <titleType>Display Title</titleType>
        <titleTypeCode>45</titleTypeCode>
        <title>American Opportunity Accounts Act</title>
        <updateDate>2024-07-24T15:23:44Z</updateDate>
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        <titleType>Short Title(s) as Introduced</titleType>
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        <title>American Opportunity Accounts Act</title>
        <updateDate>2024-05-24T13:42:24Z</updateDate>
        <billTextVersionName>Introduced in Senate</billTextVersionName>
        <billTextVersionCode>IS</billTextVersionCode>
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      <item>
        <titleType>Official Title as Introduced</titleType>
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        <title>A bill to establish American opportunity accounts, and for other purposes.</title>
        <updateDate>2023-03-08T02:43:44Z</updateDate>
        <billTextVersionName>Introduced in Senate</billTextVersionName>
        <billTextVersionCode>IS</billTextVersionCode>
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        <type>Introduced in Senate</type>
        <date>2023-02-15T05:00:00Z</date>
        <formats>
          <item>
            <url>https://www.govinfo.gov/content/pkg/BILLS-118s441is/xml/BILLS-118s441is.xml</url>
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    <latestAction>
      <actionDate>2023-02-15</actionDate>
      <text>Read twice and referred to the Committee on Finance.</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>
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