To amend the Internal Revenue Code of 1986 to direct the Secretary of the Treasury to develop model guidance for States to assist with the establishment of certain tax-favored accounts for children.
See how your representatives voted on this bill.
DeepSyte matches this bill to the issues you care about and shows whether your reps' votes line up — not party, not press releases. Take the 2-minute values quiz to see your alignment.
Alignment with your views
Sign in and take the values quiz to see how this bill lines up with what you've said.
Summary
Based on the bill's title, this legislation would direct the Treasury Secretary to develop model guidance to help states establish tax-favored savings accounts for children. The bill does not appear to create a federal program directly, but rather provides states with a template or framework they could use to set up their own accounts. Without access to the full text, the specific mechanics, tax benefits, and eligibility requirements cannot be determined.
Values analysis
Sign in and take the values quiz to get a personalized read on how this bill lines up with your positions.
How your representatives voted
Sign in to see how your representatives voted on this bill.