This bill would change the federal tax code to create something called Universal Savings Accounts. It adds a new section focused on these accounts in the Internal Revenue Code. The text provided does not include details about who can open an account, limits, or how withdrawals would work. It simply states the purpose: to create Universal Savings Accounts in the tax code .

• What it does: Creates Universal Savings Accounts by amending the Internal Revenue Code of 1986, adding a new part on these accounts .

Small summary table:

• Who is affected: People who may use new Universal Savings Accounts (details not provided)
• What changes: The tax code would include a new part for Universal Savings Accounts
• When: Not specified in the provided text