House Bill 1477 - Freedom To Invest in Tomorrow's Workforce Act

Purpose and Summary

Chamber: House

Introduced date: 2023-03-08

Recent Activity

Referred to the House Committee on Ways and Means.

Alternative Names

Freedom To Invest in Tomorrow's Workforce Act

Freedom To Invest in Tomorrow's Workforce Act

To amend the Internal Revenue Code of 1986 to permit certain expenses associated with obtaining or maintaining recognized postsecondary credentials to be treated as qualified higher education expenses for purposes of 529 accounts.

Associated Legislation

Freedom To Invest in Tomorrow's Workforce Act

Policy Areas

Taxation

Potential Impact

Sponsors and Supporters

Rep. Wittman, Robert J. [R-VA-1]

Cosponsors and Supporters

Rep. Spanberger, Abigail Davis [D-VA-7]

Rep. James, John [R-MI-10]

Rep. McClellan, Jennifer L. [D-VA-4]

Rep. Grothman, Glenn [R-WI-6]

Rep. Miller, Max L. [R-OH-7]

Rep. Owens, Burgess [R-UT-4]

Rep. Van Duyne, Beth [R-TX-24]

Rep. Carey, Mike [R-OH-15]

Rep. Ross, Deborah K. [D-NC-2]

Rep. Thompson, Glenn [R-PA-15]

Rep. Phillips, Dean [D-MN-3]

Rep. D'Esposito, Anthony [R-NY-4]

Rep. Wexton, Jennifer [D-VA-10]

Rep. Manning, Kathy E. [D-NC-6]

Rep. Moran, Nathaniel [R-TX-1]

Rep. Balderson, Troy [R-OH-12]

Rep. Lawler, Michael [R-NY-17]

Rep. Amodei, Mark E. [R-NV-2]

Resident Commissioner González-Colón, Jenniffer [R-PR-At Large]

Rep. Steube, W. Gregory [R-FL-17]

Rep. Ruppersberger, C. A. Dutch [D-MD-2]

Rep. Bentz, Cliff [R-OR-2]

Rep. Tokuda, Jill N. [D-HI-2]

Rep. Jackson, Jeff [D-NC-14]

Rep. Gottheimer, Josh [D-NJ-5]

Rep. Titus, Dina [D-NV-1]

Rep. Johnson, Mike [R-LA-4]

Rep. Craig, Angie [D-MN-2]

Rep. Barr, Andy [R-KY-6]

Rep. Carl, Jerry L. [R-AL-1]

Rep. Johnson, Bill [R-OH-6]

Rep. Moore, Barry [R-AL-2]

Rep. Lee, Susie [D-NV-3]

Rep. Mace, Nancy [R-SC-1]

Rep. Davis, Donald G. [D-NC-1]

Rep. Gonzalez, Vicente [D-TX-34]

Rep. Mooney, Alexander X. [R-WV-2]

Rep. Kiggans, Jennifer A [R-VA-2]

Rep. Horsford, Steven [D-NV-4]

Rep. Mrvan, Frank J. [D-IN-1]

Rep. Valadao, David G. [R-CA-22]

Rep. De La Cruz, Monica [R-TX-15]

Rep. Harris, Andy [R-MD-1]

Rep. Kean, Thomas H. [R-NJ-7]

Rep. Fitzpatrick, Brian K. [R-PA-1]

Rep. Mann, Tracey [R-KS-1]

Rep. Calvert, Ken [R-CA-41]

Rep. Gosar, Paul A. [R-AZ-9]

Rep. LaTurner, Jake [R-KS-2]

Rep. Pettersen, Brittany [D-CO-7]

Rep. Carter, Earl L. "Buddy" [R-GA-1]

Rep. Scott, Austin [R-GA-8]

Rep. Westerman, Bruce [R-AR-4]

Del. Moylan, James C. [R-GU-At Large]

Rep. Perez, Marie Gluesenkamp [D-WA-3]

Rep. LaLota, Nick [R-NY-1]

Rep. Murphy, Gregory [R-NC-3]

Rep. Kilmer, Derek [D-WA-6]

Rep. Kelly, Mike [R-PA-16]

Rep. Peters, Scott H. [D-CA-50]

Rep. Biggs, Andy [R-AZ-5]

Rep. Magaziner, Seth [D-RI-2]

Rep. Budzinski, Nikki [D-IL-13]

Rep. Collins, Mike [R-GA-10]

Rep. Langworthy, Nicholas A. [R-NY-23]

Rep. Norcross, Donald [D-NJ-1]

Rep. Kustoff, David [R-TN-8]

Rep. Van Drew, Jefferson [R-NJ-2]

Rep. Krishnamoorthi, Raja [D-IL-8]

Rep. Flood, Mike [R-NE-1]

Rep. Trone, David J. [D-MD-6]

Rep. Kim, Andy [D-NJ-3]

Rep. Nunn, Zachary [R-IA-3]

Rep. Neguse, Joe [D-CO-2]

Rep. Houchin, Erin [R-IN-9]

Rep. Caraveo, Yadira [D-CO-8]

Rep. Hageman, Harriet M. [R-WY-At Large]

Rep. Scholten, Hillary J. [D-MI-3]

Rep. Fleischmann, Charles J. "Chuck" [R-TN-3]

Rep. Jackson, Jonathan L. [D-IL-1]

Rep. Meuser, Daniel [R-PA-9]

Rep. Brownley, Julia [D-CA-26]

Rep. Bacon, Don [R-NE-2]

Rep. LaHood, Darin [R-IL-16]

Rep. Bost, Mike [R-IL-12]

Rep. Moore, Blake D. [R-UT-1]

Rep. Guest, Michael [R-MS-3]

Rep. Crawford, Eric A. "Rick" [R-AR-1]

Rep. Williams, Brandon [R-NY-22]

Rep. Bice, Stephanie I. [R-OK-5]

Rep. Posey, Bill [R-FL-8]

Rep. Ferguson, A. Drew, IV [R-GA-3]

Rep. Steil, Bryan [R-WI-1]

Rep. Feenstra, Randy [R-IA-4]

Rep. DeSaulnier, Mark [D-CA-10]

Rep. Golden, Jared F. [D-ME-2]

Rep. Dean, Madeleine [D-PA-4]

Rep. Houlahan, Chrissy [D-PA-6]

Rep. Kelly, Trent [R-MS-1]

Rep. Foushee, Valerie P. [D-NC-4]

Rep. Fry, Russell [R-SC-7]

Rep. Yakym, Rudy [R-IN-2]

Rep. Pappas, Chris [D-NH-1]

Rep. Womack, Steve [R-AR-3]

Rep. Vasquez, Gabe [D-NM-2]

Rep. Donalds, Byron [R-FL-19]

Rep. Cline, Ben [R-VA-6]

Rep. Bishop, Sanford D., Jr. [D-GA-2]

Rep. Reschenthaler, Guy [R-PA-14]

Rep. Rutherford, John H. [R-FL-5]

Rep. Gimenez, Carlos A. [R-FL-28]

Rep. Bilirakis, Gus M. [R-FL-12]

Rep. Nadler, Jerrold [D-NY-12]

Rep. Harder, Josh [D-CA-9]

Del. Norton, Eleanor Holmes [D-DC-At Large]

Rep. Cuellar, Henry [D-TX-28]

Rep. Schiff, Adam B. [D-CA-30]

Rep. Schrier, Kim [D-WA-8]

Rep. Mills, Cory [R-FL-7]

Rep. McBath, Lucy [D-GA-7]

Rep. Raskin, Jamie [D-MD-8]

Rep. Carter, John R. [R-TX-31]

Rep. Wild, Susan [D-PA-7]

Rep. Waltz, Michael [R-FL-6]

Rep. Van Orden, Derrick [R-WI-3]

Committees and Subcommittees

Ways and Means Committee

Variations and Revisions

Rudy Yakym IIIDerrick Van OrdenGabe VasquezFrank J. MrvanJames C. MoylanNicholas A. LangworthyMonica De La CruzErin Houchin

Freedom To Invest in Tomorrow's Workforce Act

3/14/2024, 4:05 AM

Freedom To Invest in Tomorrow's Workforce Act

This bill allows the use of funds in a qualified tuition program (commonly known as a 529 account) to pay for expenses associated with obtaining or maintaining recognized postsecondary c...

Congress
118

Number
HR - 1477

Introduced on
2023-03-08

# Amendments
0

Sponsors
+5

Cosponsors
+5

Variations and Revisions

3/8/2023

Status of Legislation

Bill Introduced
Introduced to House
House to Vote
Introduced to Senate
Senate to Vote

Purpose and Summary

Freedom To Invest in Tomorrow's Workforce Act

This bill allows the use of funds in a qualified tuition program (commonly known as a 529 account) to pay for expenses associated with obtaining or maintaining recognized postsecondary c...

Alternative Names
Official Title as IntroducedTo amend the Internal Revenue Code of 1986 to permit certain expenses associated with obtaining or maintaining recognized postsecondary credentials to be treated as qualified higher education expenses for purposes of 529 accounts.

Policy Areas
Taxation

Comments

Recent Activity

Latest Summary4/3/2023

Freedom To Invest in Tomorrow's Workforce Act

This bill allows the use of funds in a qualified tuition program (commonly known as a 529 account) to pay for expenses associated with obtaining or maintaining recognized postsecondary c...


Latest Action3/8/2023
Referred to the House Committee on Ways and Means.