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116-hr-8176116th Congress

American Dream Down Payment Act of 2020

Sponsored By: Representative Meeks, Gregory W. [D-NY-5]

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Summary

American Dream Down Payment Act of 2020 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.

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Bill Overview

No Economic Impacts Identified for this Bill

Sponsors & CoSponsors

Sponsor

Meeks, Gregory W. [D-NY-5]

NY • D

Cosponsors

  • Rep. Green, Al [D-TX-9]

    TX • D

    Sponsored 9/4/2020

Roll Call Votes

No roll call votes available for this bill.

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