HR9920Referred to Committee

Foster Youth Investment Act

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Introduced
In Committee
3
Passed One Chamber
4
Passed Both
5
Signed into Law
119th
Congress
2026-07-23
Introduced
0
Cosponsors
HR
ⓘ
Type

Sponsor

Blake D. Moore
Blake D. Moore
Republican · UT · Representative
Votes with party: 97.8% (640 recorded votes)

Full profile: /officials/M001213

Source: Congress.gov · FEC

Cosponsors (0)

Members who have signed on to support this bill since introduction. Source: Congress.gov.

No cosponsors on record. Bills can pass without cosponsors — this often means the sponsor introduced the bill alone, either because it's a messaging bill, a chairman's mark, or simply early in the legislative cycle.

Latest Action

The most recent step in the bill's legislative path. Committee Activity below shows referrals and reports; the full action-by-action history including floor proceedings lives at Congress.gov →

Referred to the House Committee on Ways and Means.

2026-07-23

Source: Congress.gov

Committee Activity

Currently in

Plain-English Summary

The proposal would modify tax rules to allow people to make tax-deductible contributions to special savings accounts set up for foster children, similar to existing education savings accounts. This would help foster families and supporters save money for the children's future expenses while receiving a tax break. The change would affect foster parents, relatives, and others who want to financially support children in the foster care system.

AI-assisted summary generated from the official bill metadata (title, subjects, actions) sourced from Congress.gov. Cached and reviewed. Always verify against the official text linked below.

Full Bill Text

Verbatim text published on Congress.gov via GovInfo. Use Cmd+F / Ctrl+F to search within this excerpt.

[Congressional Bills 119th Congress] [From the U.S. Government Publishing Office] [H.R. 9920 Introduced in House (IH)] <DOC> 119th CONGRESS 2d Session H. R. 9920 To amend the Internal Revenue Code of 1986 to allow general contributions to Trump accounts for foster children. _______________________________________________________________________ IN THE HOUSE OF REPRESENTATIVES July 23, 2026 Mr. Moore of Utah introduced the following bill; which was referred to the Committee on Ways and Means _______________________________________________________________________ A BILL To amend the Internal Revenue Code of 1986 to allow general contributions to Trump accounts for foster children. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. SHORT TITLE. This Act may be cited as the ``Foster Youth Investment Act''. SEC. 2. GENERAL CONTRIBUTIONS TO TRUMP ACCOUNTS FOR FOSTER CHILDREN. (a) In General.--Section 530A(f)(3)(A) of the Internal Revenue Code of 1986 is amended by adding at the end the following new clause: ``(iv) All account beneficiaries who-- ``(I) have not attained the age of 18 before the close of the calendar year in which the contribution is made, and ``(II) are the eligible foster child (as defined in section 152(f)(1)(C)) of any taxpayer or are under the custody, supervision, or guardianship of a State or Indian tribal government.''. (b) Combinations of Classes and Requirements Permitted.--Section 530A(f)(3)(A) of such Code, as amended by subsection (a), is amended by adding at the end the following new flush sentence: ``Such term shall also include any combination of one or more groups described in clause (ii), (iii), or (iv), and any group determined using a combination of the criteria in clauses (ii), (iii), and (iv) (except that all account beneficiaries in such group must have not attained the age of 18 before the close of the calendar year in which the contribution is made).''. (c) Effective Date.--The amendments made by this subsection shall apply to contributions made after December 31, 2025. <all>
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