2025-2026 Regular SessionUS Congress Legislature

SB1581: Universal Savings Account Act of 2025

Legislative Summary

A bill to amend the Internal Revenue Code of 1986 to create Universal Savings Accounts.

Bill History

5/1/2025
Read twice and referred to the Committee on Finance.
Senate

Status Information

Current Status
Introduced(5/1/2025)
Chamber
Senate
Committee
Finance(Senate)

Sponsors

Republican: 2

Primary Sponsor

Ted Cruz
Ted Cruz
Republican

Documents

Introduced
Bill Text5/16/2025253.1 KB