Create tax advantaged savings accounts that allow individuals to save money for any purpose without penalty.
One policy goal, tracked across every bill that has carried it.
What’s happening with Universal Savings Account Act of 2025?
The Universal Savings Account Act of 2025, known as S. 1581, has been in the Senate Committee on Finance since April 30, 2025. The committee members must act next to hold a vote, but most bills fail because committees do not take action on them. This bill has seen no recorded progress since April 30, 2025, which is consistent with the historical trend where most legislation does not advance past the committee stage.
Updated July 9, 2026 · Generated by AI. Always verify with official sources.
Where it stands
Now carried by Universal Savings Account Act of 2025 (S. 1581 (119th)) →
Legislative Progress
How we got here
Every bill that has carried this goal, oldest first.
Died with Congress · Jan 3, 2025
Died when the 118th Congress ended without final passage. Bills must be reintroduced under a new number to be revived.
Reintroduced · Jan 3, 2025
Reintroduced from H.R. 9010 (118th), which died when its Congress ended.
H.R. 9010 (118th) →
Vehicles
Who’s behind it
Ted Cruz (R-TX)Wrote and sponsored the current bill.