- Stage
- In committee
- Started in
- Senate
- Sponsor
- 1
- Latest action
- May 12, 2025
What it does
The Invest America Act would create tax-advantaged savings accounts for individuals, allowing annual cash contributions up to $5,000 (adjusted for inflation after 2026) that grow tax-free, with distributions taxed as net capital gains. Accounts must be established as trusts for the exclusive benefit of an individual, cannot accept non-cash contributions, prohibit distributions before age 18, and restrict investments to S&P 500-tracking mutual funds or ETFs. The bill also provides for automatic federal contributions of $1,000 to accounts for eligible individuals—those born after July 4, 2026, who are U.S. citizens with at least one U.S. citizen parent at birth—established by the Secretary of…
No official summary is available here. This one was written by AI from the bill’s text.
Where it stands
Introduced (Done)
Committee (Current step)
Floor (Not started)
Law (Not started)
What moved
Who is involved
Sponsors
The lawmakers who put their names on it, lead sponsors first.
In the news
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Where it goes next
While a bill can still move, the questions are about people and money.