United StatesHouse Bill 3407HR 3407

Money Accounts for Growth and Advancement Act

Taxation

22 pages

house
senate
president

Last progress May 14, 2025 (7 months ago)

Introduced on May 14, 2025 by Blake D. Moore

Pending Committee

May 14, 2025 (7 months ago)

Referred to the House Committee on Ways and Means.

This bill would change the federal tax code to exempt “Money Accounts for Growth and Advancement” (MAGA accounts) from taxes. In plain terms, money kept in these accounts would not be taxed.

Who is affected: People who use MAGA accounts
What changes: Money in these accounts would be tax‑exempt under the federal tax code
Why it matters: Users could owe less tax and keep more of their savings

To provide for reconciliation pursuant to title II of H. Con. Res. 14.

house
senate
president

Updated 1 week ago

Last progress July 4, 2025 (5 months ago)

This bill would change the federal tax code to exempt “Money Accounts for Growth and Advancement” (MAGA accounts) from taxes. In plain terms, money kept in these accounts would not be taxed.

Who is affected: People who use MAGA accounts
What changes: Money in these accounts would be tax‑exempt under the federal tax code
Why it matters: Users could owe less tax and keep more of their savings

To provide for reconciliation pursuant to title II of H. Con. Res. 14.

house
senate
president

Updated 1 week ago

Last progress July 4, 2025 (5 months ago)

United StatesHouse Bill 3407HR 3407

Money Accounts for Growth and Advancement Act

Taxation

22 pages

house
senate
president

Last progress May 14, 2025 (7 months ago)

Introduced on May 14, 2025 by Blake D. Moore

Pending Committee

May 14, 2025 (7 months ago)

Referred to the House Committee on Ways and Means.

Money Accounts for Growth and Advancement Act

Sponsors

House Votes

Senate Votes

Presidential Signature

AI Summary

Text Versions

Amendments

AI Summary

Amendments

Sponsors

Money Accounts for Growth and Advancement Act

House Votes

Senate Votes

Presidential Signature