A Citizen's Guide to the ASPIRE Act

By Reid Cramer, New America Foundation
New America Foundation | October 1, 2007
The Section-by-Section Summary of the Bill
  1. KIDS Account Fund
  2. KIDS Accounts
  3. Certifications Related to Government Contributions
  4. Rules Governing KIDS Accounts Relating to Investment, Accounting and Reporting
  5. Tax Treatment of KIDS Accounts
  6. Private Management of KIDS Accounts
  7. KIDS Accounts Fund Board
  8. Fiduciary Responsibilities
  9. Assignment, Alienation and Treatment of Deceased Individuals
  10. Accounts Disregarded in Determining Eligibility for Federal Benefits
  11. Reports
  12. Programs for Promoting Financial Literacy

For a detailed description of each section of the ASPIRE Act, please see the PDF document below.

AttachmentSize
ASPIRE Act Citizens Guide (PDF, 5 pp.)58.15 KB