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Universal Savings Account Act of 2025
5/17/2025, 2:53 AM
Summary of Bill S 1581
The bill, introduced in the 119th session of Congress, aims to amend the Internal Revenue Code of 1986 to establish Universal Savings Accounts.
Read the Full Bill
Current Status of Bill S 1581
Bill S 1581 is currently in the status of Bill Introduced since May 1, 2025. Bill S 1581 was introduced during Congress 119 and was introduced to the Senate on May 1, 2025. Bill S 1581's most recent activity was Read twice and referred to the Committee on Finance. as of May 1, 2025
Bipartisan Support of Bill S 1581
Total Number of Sponsors
3Democrat Sponsors
0Republican Sponsors
3Unaffiliated Sponsors
0Total Number of Cosponsors
1Democrat Cosponsors
0Republican Cosponsors
1Unaffiliated Cosponsors
0Policy Area and Potential Impact of Bill S 1581
Primary Policy Focus
Alternate Title(s) of Bill S 1581
A bill to amend the Internal Revenue Code of 1986 to create Universal Savings Accounts.
A bill to amend the Internal Revenue Code of 1986 to create Universal Savings Accounts.
Comments
Gracie Stone
715
11 months ago
I can't believe this bill is gonna pass! How will it impact my savings account?
Sponsors and Cosponsors of S 1581
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