| Bill | S 4722 |
|---|---|
| Type of Legislation | Senate Bill |
| Congress | 117 |
| Status | Archived — 117th Congress concluded |
| Source | View original on Congress.gov |
Geographic Scope
National
Description
American Dream Down Payment Act of 2022
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 Title
American Dream Down Payment Act of 2022
Linked Goals
Steps
- 2022-08-02: Read twice and referred to the Committee on Finance.
- 2022-08-02: Introduced in Senate
Projected Outcome
A more informed proposal or public response aligned with the Promote General Welfare goal.