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New tax-exempt investment accounts with benefits for children.

This act introduces special "Invest America Accounts" that are exempt from income tax. These accounts allow annual contributions of up to $5,000 into specific investment funds. Additionally, U.S. citizen children born after July 4, 2026, will receive a one-time $1,000 government contribution to their account.
Key points
You can open a special investment account that is exempt from taxes on earnings.
You can contribute up to $5,000 annually to this account, with the limit increasing with inflation.
Funds from the account can be withdrawn without extra charges only after turning 18.
U.S. citizen children born after July 4, 2026, will receive a $1,000 government contribution to start their account.
Investments in the account are limited to mutual funds or ETFs tracking the S&P 500 index.
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Introduced
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Additional Information
Print number: 119_S_1718
Sponsor: Sen. Cruz, Ted [R-TX]
Process start date: 2025-05-12
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Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Invest America Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 119_S_1718.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2025-05-12.

What are the main provisions?

Key points include:

  • You can open a special investment account that is exempt from taxes on earnings.
  • You can contribute up to $5,000 annually to this account, with the limit increasing with inflation.
  • Funds from the account can be withdrawn without extra charges only after turning 18.
  • U.S. citizen children born after July 4, 2026, will receive a $1,000 government contribution to start their account.
  • Investments in the account are limited to mutual funds or ETFs tracking the S&P 500 index.
What is the specific legal status?

The current status is Introduced.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Sen. Cruz, Ted [R-TX].

What is the latest detailed status?

The latest detailed status is: Introduced in Senate

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-23.

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