HR 3407 creates MAGA accounts, a new child savings account with tax benefits for education, business, and homebuying. Kids born 2025-2028 get a free $1,000 deposit from the federal government to start their account.
Modern Action explains what the legislation does, helps you choose whether to support, oppose, or ask for changes, and drafts a message tied to the bill, your stance, and the elected officials who can act on it.
Money Accounts for Growth and Advancement Act is a House bill in committee. The latest recorded action: Referred to the House Committee on Ways and Means.
Latest action on H.R. 3407: Referred to the House Committee on Ways and Means.
Who this affects: This bill primarily affects families with young children, especially those born after 2024. It also impacts financial institutions that would serve as trustees, charities that want to fund children's accounts in bulk, and the IRS which must administer the new accounts and pilot program.
Why this matters: This bill could change how American families save for their children's futures by creating a standardized, low-cost investment vehicle with meaningful tax breaks. The $1,000 starter contribution means even families who cannot afford to save would have a base investment growing for their child. However, the money is tied to stock market performance with no guarantees, and the benefits may be most useful to families who can afford to make additional contributions.
You do not have to start with a blank letter. Modern Action turns the bill, your position, and the relevant congressional context into a message you can edit and send. The goal is to make contacting Congress clear, specific, and useful without forcing you to parse bill text or figure out the right office on your own.
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Officially: Money Accounts for Growth and Advancement Act
HR 3407 creates MAGA accounts, a new child savings account with tax benefits for education, business, and homebuying. Kids born 2025-2028 get a free $1,000 deposit from the federal government to start their account.
Use this page to support, oppose, or ask Congress to amend HR3407. Modern Action explains what the bill does, helps identify the right senators or representative, and drafts a bill-specific message you can edit and send.
Where it stands
Sitting in House Committee
No vote scheduled. Constituent contact is what moves bills out of committee.
↓ Why your message matters here
This bill is sitting in committee with no scheduled vote — which means a small number of constituent messages can decide whether it moves forward or quietly dies.
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Where this bill is in the process
Introduced
Introduced in House
House Committee
Under House committee consideration
Latest: Referred to the House Committee on Ways and Means. (5/14/2025)
House Floor Vote
Voted on by House
Passed House
Approved by House
Senate Review
Sent to Senate for consideration
Passed Both Chambers
Approved by both House and Senate
Signed into Law
Signed by the President
For more detail
Choose one clear position: support, oppose, or amend. Then pick any reasons or personal context you want included. Modern Action uses that input and the bill context to draft a message you can edit and send.
Congressional offices prioritize messages from their own constituents. Modern Action uses your address to route the drafted message to your House representative when that is the most relevant target for this bill.
The draft includes the bill number, your position, the reasons you selected, any personal context you added, and a direct ask such as voting yes, voting no, cosponsoring, opposing, or seeking changes. You stay in control because you can edit the message before sending.
This page gives you an opportunity to support, oppose, or ask for changes to Money Accounts for Growth and Advancement Act, then contact the elected officials who can act. Modern Action drafts the message from your position and the reasons you select.
Modern Action keeps the action tied to the bill itself: what it does, where it is in the process (committee), which office can still act, and what ask belongs in the message.
You are not starting from a blank form. Modern Action drafts the message around HR3407, your stance, and the reasons you choose, then lets you edit and send when ready.
