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Top Democrats unveil measure to give kids savings accounts where up to $9,000 could go toward college or starting a business

Chuck Schumer

Summary List Placement

A trio of Senate Democrats unveiled a plan on Monday to provide up to $9,000 to most American children through a savings account in just the latest Democratic effort to give cash to lower-income families.

The measure — known as the Young American Savers Act — would provide federal assistance to children with parents or legal guardians that earn less than $100,000. Senate Majority Leader Chuck Schumer, Sen. Ron Wyden of Oregon, and Sen. Bob Casey of Oregon rolled out the plan.

“The Young American Savers Act would invest in our nation’s youth and make details ⇒

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