HR1041-118

Introduced

To establish American opportunity accounts, and for other purposes.

118th Congress Introduced Feb 14, 2023

Analysis under review: This bill has generated analysis that may be too generic or incomplete. Clause-level evidence remains available below.

Summary

What This Bill Does

The bill defines definitions For purposes of this title— The term American Opportunity Fund means the fund established under section 3, provides american Opportunity Fund There is established in the Treasury of the United States a fund to be known as the American Opportunity Fund, and provides AO accounts The Executive Director shall establish in the American Opportunity Fund an account (to be known as an American Opportunity account or an AO account) for each eligible individual certified under. It relies on compliance mandates, definition changes, delegation of rulemaking, and reporting requirements. The main policy areas are Regulated Industries, Finance, Education, and Housing.

Who Benefits and How

Public beneficiaries or protected communities affected by the clause could face reduced risk, Regulated entities and members of the public affected by the bill could face lower compliance burdens, and Financial services firms and customers affected by the bill could face lower compliance burdens.

Who Bears the Burden and How

Federal, state, or local agencies responsible for implementing the clause would take on compliance duties, Public beneficiaries or protected communities affected by the clause could face increased risk, and Regulated entities and members of the public affected by the bill would take on compliance duties.

Key Provisions

  • Defines definitions For purposes of this title— The term American Opportunity Fund means the fund established under section 3.
  • Provides american Opportunity Fund There is established in the Treasury of the United States a fund to be known as the American Opportunity Fund.
  • Provides AO accounts The Executive Director shall establish in the American Opportunity Fund an account (to be known as an American Opportunity account or an AO account) for each eligible individual certified under...
  • Requires assignment, alienation, and treatment of deceased individuals Under regulations which shall be prescribed by the Executive Director, rules relating to assignment and alienation applicable under chapter 84...
  • Requires rules governing AO accounts relating to investment, accounting, and reporting The American Opportunity Fund Board shall invest amounts in the American Opportunity Fund in securities of the United States...

Evidence Chain:

This summary is generated from the full bill text using AI analysis. Expand "Detailed Analysis" below for identified beneficiaries/burden bearers with clause-level evidence links.

At a Glance

What This Bill Does

The bill defines definitions For purposes of this title— The term American Opportunity Fund means the fund established under section 3, provides american Opportunity Fund There is established in the Treasury of the United States a fund to be known as the American Opportunity Fund, and provides AO accounts The Executive Director shall establish in the American Opportunity Fund an account (to be known as an American Opportunity account or an AO account) for each eligible individual certified under.

Key Policy Areas

Regulated Industries, Finance, Education, Housing

Primary Purpose

The bill defines definitions For purposes of this title— The term American Opportunity Fund means the fund established under section 3, provides american Opportunity Fund There is established in the Treasury of the United States a fund to be known as the American Opportunity Fund, and provides AO accounts The Executive Director shall establish in the American Opportunity Fund an account (to be known as an American Opportunity account or an AO account) for each eligible individual certified under.

Policy Domains

Regulated Industries Finance Education Housing

Whole bill

Identified Gains
  • Public beneficiaries or protected communities affected by the clause
  • Regulated entities and members of the public affected by the bill
  • Financial services firms and customers affected by the bill
  • Businesses and employers affected by the bill
  • Homeowners, tenants, or housing market participants affected by the bill
Model: codex-gpt-5:bulk-repair | Version: bill_summary_v2 | Source: ih
Businesses and employers affected by the bill: , ,
Financial services firms and customers affected by the bill: , ,
Regulated entities and members of the public affected by the bill: , ,
Public beneficiaries or protected communities affected by the clause: , , , ,
Homeowners, tenants, or housing market participants affected by the bill: ,
Identified Costs
  • Federal, state, or local agencies responsible for implementing the clause
  • Public beneficiaries or protected communities affected by the clause
  • Regulated entities and members of the public affected by the bill
  • Immigrants, asylum seekers, and border communities affected by the bill
  • Financial services firms and customers affected by the bill
Model: codex-gpt-5:bulk-repair | Version: bill_summary_v2 | Source: ih
Financial services firms and customers affected by the bill:
Regulated entities and members of the public affected by the bill: ,
Public beneficiaries or protected communities affected by the clause: , , ,
Immigrants, asylum seekers, and border communities affected by the bill:
Federal, state, or local agencies responsible for implementing the clause: , , , , , , , , , ,

Legislative Progress

Introduced
Introduced Committee Passed
Feb 14, 2023

Ms. Pressley (for herself, Ms. Tlaib, Mrs. Watson Coleman, Mrs. …

Impact analysis is available but no clear stakeholder effects identified. View clause-level analysis →

Bill Structure & Actor Mappings

Who is "The Secretary" in each section?

Domains
Regulated Industries Finance Education Housing

We use a combination of our own taxonomy and classification in addition to large language models to assess meaning and potential beneficiaries. High confidence means strong textual evidence. Always verify with the original bill text.

Learn more about our methodology