H.R.4253: Children's Financial Security Act of 1996

About This Bill

Bill Summary

Children's Financial Security Act of 1996 - Directs the Secretary of the Treasury or a delegate to transfer each calendar year, from the general fund of the Treasury and for each calendar year, $1,000 to the Child Retirement Account (CRA) of each eligible child. Makes eligible any individual who as of the close of such calendar year: (1) is a citizen or resident alien of the United States; and (2) has not attained age six. Allows the...

(Source: Library of Congress)

Bill Actions

Date Description
Referred to the House Committee on Ways and Means.
Sponsor introductory remarks on measure.
Sept. 27, 1996

Introduced in the House by Amory Houghton (R-N.Y.)

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