U.S. Congress legislation · 119th Congress
HB9895: American Dream Accounts Act of 2026
Status: In committee, July 23, 2026
To amend the Internal Revenue Code of 1986 to create American dream accounts.
What the bill says
To amend the Internal Revenue Code of 1986 to create American dream accounts.
From the introduced text, July 23, 2026:
A BILL To amend the Internal Revenue Code of 1986 to create American dream accounts. SECTION 1. Short title This Act may be cited as the American Dream Accounts Act of 2026 . SECTION 2. American dream accounts (a) In general Subchapter F of chapter 1 of the Internal Revenue Code of 1986 is amended by adding at the end the following new part: X American dream accounts Sec. 530B. American dream accounts. SECTION 530B. American dream accounts (a) General rule An American dream account shall be exempt from taxation under this subtitle. Notwithstanding the preceding sentence, such account shall be subject to the taxes imposed by section 511 (relating to imposition of tax on unrelated business income of charitable organizations). (b) American dream account For purposes of this section-- (1) In general The term American dream account means a trust created or organized in the United States for the exclusive benefit of an eligible individual and which is designated (in such manner as the Secretary shall prescribe) at the time of the establishment of the trust as an American dream account, but only if the written governing instrument creating the trust meets the following requirements: (A) No contribution will be accepted-- (i) unless it is in cash, (ii) after the date the beneficiary makes a qualified first-time homebuyer distribution …
Sponsors
- Aaron Bean (R, HD-FL-4) · primary sponsor
- John James (R, HD-010)
Latest actions
- : Referred to the House Committee on Ways and Means.
- : Introduced in House
Subjects: Taxation
Common questions
- What is HB9895?
- HB9895 is a bill in Congress (119th Congress): American Dream Accounts Act of 2026.
- What does HB9895 do?
- In its own words: To amend the Internal Revenue Code of 1986 to create American dream accounts.
- What is the status of HB9895?
- In committee as of July 23, 2026. Latest action: Referred to the House Committee on Ways and Means. (July 23, 2026).
- Who sponsored HB9895?
- Aaron Bean (R, HD-FL-4), with 1 co-sponsor.
- Where is the official record for HB9895?
- On the Congress website: https://www.congress.gov/bill/119th-congress/house-bill/9895
Source: official Congress record. Tracked by Delilah, AI for legislation across all 50 states and Congress.