# 116-hr-8176: American Dream Down Payment Act of 2020

116-hr-8176, American Dream Down Payment Act of 2020, is a 116th Congress bill sponsored by Rep. Meeks, Gregory W. [D-NY-5] (D-NY); status Referred to the House Committee on Ways and Means. (as of 2025-11-18).

- Canonical: https://policyrisk.com/legislation/116-hr-8176
- As of: 2025-11-18
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 116-hr-8176
- Congress: 116
- Title: American Dream Down Payment Act of 2020
- Status: Referred to the House Committee on Ways and Means.
- Introduced: 2020-09-04
- Sponsor: Rep. Meeks, Gregory W. [D-NY-5] (D-NY)
- Cosponsors: 1
- Policy area: Taxation
- Touches household money: no
- Last recorded action: 2025-11-18

## 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.

## Cosponsors (1)

- Rep. Green, Al [D-TX-9] (D-TX), 2020-09-04T00:00:00.000Z

## Related bills

- 116-hr-8662: Accelerating Access to Critical Therapies for ALS Act
- 116-hr-8519: Teaching Asian Pacific American History Act
- 116-hr-8352: Jobs and Justice Act of 2020
- 116-hr-8015: Delivering for America Act
- 116-hr-7993: Promoting and Advancing Communities of Color through Inclusive Lending Act
- 116-hr-7946: Federal Reserve Racial and Economic Equity Act

## Sources
- [116-hr-8176 on Congress.gov](https://www.congress.gov/bill/116th-congress/house-bill/8176)

## Related
- [116-hr-8662: Accelerating Access to Critical Therapies for ALS Act](https://policyrisk.com/legislation/116-hr-8662)
- [116-hr-8519: Teaching Asian Pacific American History Act](https://policyrisk.com/legislation/116-hr-8519)
- [116-hr-8352: Jobs and Justice Act of 2020](https://policyrisk.com/legislation/116-hr-8352)
- [116-hr-8015: Delivering for America Act](https://policyrisk.com/legislation/116-hr-8015)
- [116-hr-7993: Promoting and Advancing Communities of Color through Inclusive Lending Act](https://policyrisk.com/legislation/116-hr-7993)
- [116-hr-7946: Federal Reserve Racial and Economic Equity Act](https://policyrisk.com/legislation/116-hr-7946)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/116-hr-8176 (as of 2025-11-18).