CSA OPPORTUNITY Act
Summary
Children's Savings Accounts Offer Parents Plenty Of Reasons To Understand and Invest in Tuition Yearly Act or the CSA OPPORTUNITY Act This bill excludes the value of certain children's savings accounts, provided they meet specified requirements, when determining eligibility for particular means-tested federal programs. To be excluded, the savings account must be created as part of a program organized by a government, nonprofit, school district, or college or university and meet other administrative criteria. Furthermore, proceeds of the account may only be used for postsecondary educational expenses, the purchase of a first home, or costs associated with starting a business once the individual receives a secondary school diploma or equivalent.
Bill status
in committee
1 of 4 stages cleared
Introduction
May 2021
Committee Review
Floor Vote
President
Introduced May 20, 2021
Last action Jul 1, 2021
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
4
Key actions
0
Committee
3
Jul 1, 2021
Committee
Referred to the Subcommittee on Nutrition, Oversight, and Department Operations.
lower
May 21, 2021
Committee
Referred to the Subcommittee on Energy.
lower
May 20, 2021
Committee
Referred to the Committee on Ways and Means, and in addition to the Committees on Energy and Commerce, Agriculture, and Education and Labor, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
lower
May 20, 2021
Introduced
Introduced in House
lower
1 primary · 4 co-sponsors
Sponsors
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