House Bill 452 - Education Savings Accounts for Military Families Act of 2023

Purpose and Summary

Chamber: House

Introduced date: 2023-01-24

Recent Activity

Referred to the Committee on Education and the Workforce, and in addition to the Committees on Ways and Means, and Appropriations, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

Alternative Names

Education Savings Accounts for Military Families Act of 2023

Education Savings Accounts for Military Families Act of 2023

To amend the Elementary and Secondary Education Act of 1965 to allow parents of eligible military dependent children to establish Military Education Savings Accounts, and for other purposes.

Associated Legislation

Education Savings Accounts for Military Families Act of 2023

Policy Areas

Education

Potential Impact

Bank accounts, deposits, capital

Education programs funding

Elementary and secondary education

Income tax exclusion

Military personnel and dependents

Student aid and college costs

Sponsors and Supporters

Rep. Banks, Jim [R-IN-3]

Cosponsors and Supporters

Rep. McHenry, Patrick T. [R-NC-10]

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

Rep. Lamborn, Doug [R-CO-5]

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

Rep. Bucshon, Larry [R-IN-8]

Rep. Schweikert, David [R-AZ-1]

Rep. Fulcher, Russ [R-ID-1]

Committees and Subcommittees

Appropriations Committee

Ways and Means Committee

Education and the Workforce Committee

Variations and Revisions