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Money Accounts for Growth and Advancement Act

6/6/2025, 6:34 PM

Summary of Bill HR 3407

The bill "To amend the Internal Revenue Code of 1986 to exempt money accounts for growth and advancement from taxation, and for other purposes" was introduced in the 119th Congress as H.R. 3407 on May 14, 2025.

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Current Status of Bill HR 3407

Bill HR 3407 is currently in the status of Bill Introduced since May 14, 2025. Bill HR 3407 was introduced during Congress 119 and was introduced to the House on May 14, 2025.  Bill HR 3407's most recent activity was Referred to the House Committee on Ways and Means. as of May 14, 2025

Bipartisan Support of Bill HR 3407

Total Number of Sponsors
5
Democrat Sponsors
0
Republican Sponsors
5
Unaffiliated Sponsors
0
Total Number of Cosponsors
0
Democrat Cosponsors
0
Republican Cosponsors
0
Unaffiliated Cosponsors
0

Policy Area and Potential Impact of Bill HR 3407

Primary Policy Focus

Taxation

Alternate Title(s) of Bill HR 3407

To amend the Internal Revenue Code of 1986 to exempt money accounts for growth and advancement from taxation, and for other purposes.
To amend the Internal Revenue Code of 1986 to exempt money accounts for growth and advancement from taxation, and for other purposes.

Comments

Sponsors and Cosponsors of HR 3407

Blake D. Moore
Blake D. Moore
UtahRepublican

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