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- S.3764
S.3764: Young American Savers Act of 2020
About This Bill
- Introduced May 19, 2020
- Latest Major Action May 19, 2020
- See the one similar bills introduced in other congresses.
Bill Sponsor
Bill Version
- Introduced in Senate - May 19, 2020
Bill Summary
Young American Savers Act of 2020 This bill directs the Department of the Treasury to establish as a permanent program the Federal Child Savings Account Program not later than December 31, 2021. A program account shall be tax-exempt and distributions from an account shall be excludible from a child's gross income. The program allows the parent or guardian of a child under the age of 18 and a U.S. resident to make contributions to an account...
(Source: Library of Congress)
Bill Actions
| Date | Description |
|---|---|
| May 19, 2020 |
Read twice and referred to the Committee on Finance.
|
| May 19, 2020 |
Introduced in the Senate by Bob Casey (D-Pa.) |