HR8313Referred to Committee

Trump Accounts for All Generations Act

Share:
Introduced
In Committee
3
Passed One Chamber
4
Passed Both
5
Signed into Law
119th
Congress
2026-04-15
Introduced
16
Cosponsors
HR
ⓘ
Type

Sponsor

Adrian Smith
Adrian Smith
Republican · NE · Representative
Votes with party: 98.2% (545 recorded votes)

Full profile: /officials/S001172

Source: Congress.gov · FEC

Cosponsors (16)

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

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.

2026-04-15

Source: Congress.gov

Committee Activity

Currently in

Previously

Plain-English Summary

This bill would make permanent a pilot program that allows certain workers to set aside pre-tax money in special savings accounts, similar to existing retirement or health savings accounts. The change would give more people access to these tax-advantaged accounts on a permanent basis rather than having the program expire. Workers and families would benefit by being able to save money with tax breaks, while the government would collect less tax revenue from these savings.

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.

Subjects

Taxation

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. 8313 Introduced in House (IH)] <DOC> 119th CONGRESS 2d Session H. R. 8313 To amend the Internal Revenue Code of 1986 to make permanent the Trump accounts contribution pilot program, and for other purposes. _______________________________________________________________________ IN THE HOUSE OF REPRESENTATIVES April 15, 2026 Mr. Smith of Nebraska (for himself, Mr. Moore of Utah, and Mr. Jack) 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 make permanent the Trump accounts contribution pilot program, and for other purposes. 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 ``Trump Accounts for All Generations Act''. SEC. 2. PERMANENT EXTENSION AND ENHANCEMENT OF TRUMP ACCOUNTS CONTRIBUTION PILOT PROGRAM. (a) Permanent Extension.--Section 6434(c)(1) of the Internal Revenue Code of 1986 is amended by striking ``and before January 1, 2029,''. (b) Inflation Adjustment.--Section 6434 of such Code, as amended by subsection (a), is amended-- (1) by redesignating subsections (h) and (i) as subsections (i) and (j), respectively, and (2) by inserting after subsection (g) the following new subsection: ``(h) Inflation Adjustment.--In the case of any taxable year beginning after 2028, the $1,000 amount in subsection (a) shall be increased by an amount equal to-- ``(1) such dollar amount, multiplied by ``(2) the cost-of-living adjustment determined under section 1(f)(3) for the calendar year in which the taxable year begins, determined by substituting `calendar year 2027' for `calendar year 2016' in subparagraph (A)(ii) thereof. If any increase under this subsection is not a multiple of $100, such increase shall be rounded to the next lowest multiple of $100.''. (c) Conforming Amendments.-- (1) Section 6434 of such Code, as amended by the preceding provisions of this section, is amended by striking ``pilot'' in the heading thereof. (2) Section 6213(g)(2)(AA) of such Code is amended by striking ``pilot''. (3) Section 6659 of such Code is amended by striking ``pilot'' in the heading thereof. (4) The item relating to section 6434 in the table of sections for subchapter B of chapter 65 of such Code is amended by striking ``pilot''. (5) The item relating to section 6659 in the table of sections for part I of subchapter A of chapter 68 of such Code is amended by striking ``pilot''. (d) Effective Date.--The amendments made by this section shall apply to taxable years beginning after December 31, 2026. <all>
Open clean-text viewRead on Congress.gov →

Related legislation

Bills by the same sponsor or covering overlapping subjects.