American Dream Down Payment Act of 2021
Summary
American Dream Down Payment Act of 2021 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.
Bill status
in committee
1 of 4 stages cleared
Introduction
Feb 2021
Committee Review
Floor Vote
President
Introduced Feb 25, 2021
Last action Feb 25, 2021
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
2
Key actions
0
Committee
1
Feb 25, 2021
Committee
Referred to the House Committee on Ways and Means.
lower
Feb 25, 2021
Introduced
Introduced in House
lower
1 primary · 4 co-sponsors
Sponsors
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