Comments on this legislation    Post new comment    Text and Analysis    Add to Watch List 
  Previous   Next 

• Introduced by Rep. Tupac Hunter (D) on June 29, 2005, to create an “individual or family development account” program, in which a non-profit organization could make deposits up to $2,500 into a tax exempt account for a low income person or family, with the beneficiary matching the deposits with money or volunteer work. The accounts could be used by the beneficiary for qualified education, home acquisition and repair, or business start-up expenses.
  • Referred to the House Banking and Financial Services Committee on June 29, 2005.
    • Reported in the House on March 29, 2006, with the recommendation that the substitute (H-1) be adopted and that the bill then pass.
  • Substitute offered in the House on April 18, 2006. The substitute passed by voice vote in the House on April 18, 2006.
  • Amendment offered by Rep. Tupac Hunter (D) on April 18, 2006. The amendment passed by voice vote in the House on April 18, 2006.
  • Amendment offered by Rep. Tupac Hunter (D) on April 18, 2006. The amendment passed by voice vote in the House on April 18, 2006.