American Dream Accounts Act
Latest action · May 23, 2017 Read twice and referred to the Committee on Health, Education, Labor, and Pensions.
Progress
Where this bill reached, and when. A stage with no date was not reached; one that failed a vote and later carried shows the date it carried.
- IntroducedMay 23, 2017
- Passed SenateNot reached
- Passed HouseNot reached
- To the PresidentNot reached
- Became lawNot reached
Summary
American Dream Accounts Act
This bill authorizes the Department of Education to award competitive grants to eligible entities for establishing and administering American Dream Accounts for a group of at least 30 low-income public school students who, at the time of the grant application, are attending a grade no higher than ninth grade. An American dream account is a personal online account for low-income students that: (1) monitors their progress toward higher education; (2) includes a college savings account; and (3) provides students with opportunities to attain financial literacy, learn about preparing for enrollment in an institute of higher education (IHE), and identify their skills or interests.
Cosponsors 1
Members who signed on, in the order they did. All signed on May 23, 2017.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| R-FL | Marco Rubio | Original | May 23, 2017 |
Committees 1
Where it was sent and what each committee and subcommittee did with it, in order.
| Chamber | Committee | What it did |
|---|---|---|
| Senate | Health, Education, Labor, and Pensions Committee | Referred May 23, 2017 |
Actions 2
Everything that happened, newest first.
- May 23, 2017Introduced in Senate
- May 23, 2017Read twice and referred to the Committee on Health, Education, Labor, and Pensions.
Related bills 2
Companion bills and other measures the record links to this one.
| Bill | Title | Relationship | Latest action |
|---|---|---|---|
| S 687 | American Dream Accounts Act | Reintroduction of | Mar 10, 2015 |
| HR 6441 | American Dream Accounts Act | Related bill | Jul 19, 2018 |
Titles 2
Every title it has carried, official and short, at each stage.
- Official Title as Introduced
- A bill to authorize the establishment of American Dream Accounts.
- Short Titles as Introduced
- American Dream Accounts Act
Subjects
Assigned by the Library of Congress. Policy area: Education.
- Academic performance and assessments
- Bank accounts, deposits, capital
- Congressional oversight
- Education
- Education of the disadvantaged
- Education programs funding
- Elementary and secondary education
- Financial literacy
- Higher education
- Internet and video services
- Internet, web applications, social media
- Student aid and college costs
Text 1
Each version as it was printed, newest first.
- May 23, 2017Introduced in Senate
Everything here is as published by Congress: the summary is the Congressional Research Service's, the action wording is the clerks', and the subjects are the Library of Congress's. How far it got is read from the actions themselves, taking the most recent one of each kind, so a bill that failed a vote and later passed is shown as having passed. Records come from this bill on Congress.gov and govinfo.gov; cost estimates are the Congressional Budget Office's, and the hearings are the printed hearings GovInfo publishes, which can appear months after the hearing.
