House Bill 1360
117th Congress(2021-2022)
American Dream Down Payment Act of 2021
Introduced
Introduced in House on Feb 25, 2021
Origin Chamber
House
Type
Bill
Bill
The primary form of legislative measure used to propose law. Depending on the chamber of origin, bills begin with a designation of either H.R. or S. Joint resolution is another form of legislative measure used to propose law.
Bill Number
1360
Congress
117
Policy Area
Taxation
Taxation
Primary focus of measure is all aspects of income, excise, property, inheritance, and employment taxes; tax administration and collection. Measures concerning state and local finance may fall under Economics and Public Finance policy area.
No House votes have been held for this bill.
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.
February 25, 2021
02/25/2021
Referred to the House Committee on Ways and Means.
02/25/2021
Introduced in House
Public Record
Record Updated
Jan 11, 2023 1:47:04 PM