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Senate bill · 119th Congress · Latest step: Introduced

Universal Savings Account Act of 2025

S. 1581Introduced May 1, 2025Policy area: Taxation

Official title: A bill to amend the Internal Revenue Code of 1986 to create Universal Savings Accounts.

Sponsor: Sen. Ted Cruz R-TX
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Where it went

Latest action: May 1, 2025 — Read twice and referred to the Committee on Finance.

Vote results

No recorded roll-call votes on this bill in PORKER’s records (voice votes and unanimous consent are not roll calls; roll-call records start in 2011).

Cosponsors

1 cosponsor — 1 Republican

0 of 1 cosponsors (0%) are from the other party.

James Justice (R-WV).

More from the sponsor

Other 119th Congress bills sponsored by Sen. Ted Cruz.

Related bills

Relationships as recorded by Congress.gov.

Sponsor’s state and district

Texas in Congress

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Data as of Sep 25, 2026 · bill record checked by PORKER from Congress.gov · votes from Senate.gov and the House Clerk. PORKER is non-partisan.