Search Results: keywords:"taxpayer information disclosure"

  • S. 3716 — To create children's lifetime savings accounts, and for other purposes.
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    Status:Introduced in Senate
    Words:7,738

    S. 3716, known as the “401Kids Savings Account Act of 2024,” aims to help children in the United States start savings accounts for their future. The bill proposes creating programs to establish savings accounts for every eligible child, allowing family members and the...

    Simple Explanation

    The 401Kids Savings Account Act of 2024 is about helping kids save money for their future by having special savings accounts where family and the government can add money that grows over time, and when they're 18, they can use it for things like school or buying a house.

  • H. R. 7162 — To create children’s lifetime savings accounts, and for other purposes.
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    Status:Introduced in House
    Words:7,793

    H.R. 7162, also known as the "401Kids Savings Account Act of 2024," proposes the creation of children's lifetime savings accounts in the United States. The bill outlines how these savings accounts, called 401Kids Accounts, would be established for every eligible child at...

    Simple Explanation

    The 401Kids Savings Account Act of 2024 is like giving every kid in the U.S. a special piggy bank that the government helps fill up each year, which they can use for things like school or buying a home when they grow up. The bill makes sure kids, especially those who need extra help, get money added to these piggy banks, so they have money saved for when they really need it later in life.