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Helps Families Save for the Future
Recent Bills/Helps Families Save for the Future

Helps Families Save for the Future

IntroducedN/A
Introduced1 year ago
Intro
Senate
House
Pres
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (Sponsor introductory remarks on measure: CR S1666-1667)
Why This Matters

This bill establishes a pilot program that helps families receiving housing assistance save money in special accounts. The program allows families to build savings as their income grows.

If you receive housing assistance, this program allows you to save money for your future by creating an escrow account for your increased rent costs.
Who this affects
families in housing assistance
What changes is this bill making?
  1. 1This pilot program will create escrow accounts for families receiving housing assistance to help them save money.
  2. 2Up to 5,000 families can participate in this program, which will be managed by selected organizations.
  3. 3Families can withdraw their savings after five years or sooner if they meet certain conditions.
  4. 4The program aims to support families as they increase their income and reduce reliance on welfare assistance.
Read the detailed summary

Fairness for Servicemembers and their Families Act of 2025This bill requires the Department of Veterans Affairs (VA) to periodically review and report on the maximum coverage available under the Servicemembers' Group Life Insurance and Veterans' Group Life Insurance programs. Specifically, the VA must review such coverage amount every five years, taking into account the average percentage by which the Consumer Price Index for All Urban Consumers (CPI-U) increased in the five fiscal years preceding the review.

Bill Progress1 of 4
Bills must pass the House, Senate, and be signed by the President to become law.
Intro
Senate
House
Pres
IntroducedCurrentMar 11, 2025

Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (Sponsor introductory remarks on measure: CR S1666-1667)

Sponsors
See all 3 sponsors
Senate
House
President

The President

Donald Trump
President
Awaiting Vote
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