HR10490Referred to Committee
To amend the Internal Revenue Code of 1986 to direct the Secretary of the Treasury to develop model guidance for States to assist with the establishment of certain tax-favored accounts for children.
Introduced
In Committee
3
Passed One Chamber4
Passed Both5
Signed into Law119th
Congress
2026-09-17
Introduced
1
Cosponsors
HR
ⓘType
Sponsor
Sharice Davids
Democrat · KS · Representative
Votes with party: 94.3% (667 recorded votes)
Full profile: /officials/D000629
Source: Congress.gov · FEC
Cosponsors (1)
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 →
Committee Activity
Currently in
- House Committee on Ways and MeansReferred To · 2026-09-17
Plain-English Summary
Plain-English summary pending. Introduced on 2026-09-17. Check back soon — summaries are generated as bills progress through Congress.
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. 10490 Introduced in House (IH)] <DOC> 119th CONGRESS 2d Session H. R. 10490 To amend the Internal Revenue Code of 1986 to direct the Secretary of the Treasury to develop model guidance for States to assist with the establishment of certain tax-favored accounts for children. _______________________________________________________________________ IN THE HOUSE OF REPRESENTATIVES September 17, 2026 Ms. Davids of Kansas (for herself and Mr. Schmidt) 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 direct the Secretary of the Treasury to develop model guidance for States to assist with the establishment of certain tax-favored accounts for 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 ``Born to Invest Act of 2026''. SEC. 2. MODEL GUIDANCE TO ASSIST WITH ESTABLISHMENT OF CERTAIN TAX- FAVORED ACCOUNTS FOR CHILDREN. The Secretary of the Treasury, in consultation with the Secretary of Health and Human Services, shall develop and disseminate model guidance to assist-- (1) State Treasurers in sharing information with parents and legal guardians on the establishment of Trump accounts (as defined in section 530A of the Internal Revenue Code of 1986), qualified ABLE programs (as defined in section 529A of such Code), and qualified tuition programs (as defined in section 529 of such Code), and (2) State Treasurers and State health departments in coordinating the sharing of information regarding live births to assist State Treasurers in carrying out the sharing of information described in paragraph (1). <all>
Related legislation
Bills by the same sponsor or covering overlapping subjects.
- HR10428Survivor Benefits Application Modernization ActReferred to Committee · 2026-09-16
- HR10205REACH Our Tribes ActReferred to Committee · 2026-09-01
- HR7396Native American Entrepreneurial Opportunity ActPassed House · 2026-06-24
- HR9425Increasing Tribal Input on Nutrition Act of 2026Referred to Committee · 2026-06-24