Universal Savings Account Act of 2025

Hozzl · 2025-05-17T02:53:20Z

Explore the details of Senate Bill 1581 Universal Savings Account Act of 2025 currently in Congress. Get insights into its purpose, current status, sponsors, and potential impact on undefined. Stay informed on legislative developments.

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.

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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

Democrat Sponsors

Republican Sponsors

Unaffiliated Sponsors

Total Number of Cosponsors

Democrat Cosponsors

Republican Cosponsors

Unaffiliated Cosponsors

Policy 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.

Comments

Gracie Stone

569

9 months ago

I can't believe this bill is gonna pass! How will it impact my savings account?

Sponsors and Cosponsors of S 1581

Ted Cruz

TexasRepublican

James C. Justice

West VirginiaIndependent

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