Senate Bill 60 - Education Savings Accounts for Military Families Act of 2023

Purpose and Summary

Chamber: Senate

Introduced date: 2023-01-24

Recent Activity

Read twice and referred to the Committee on Finance.

Alternative Names

Education Savings Accounts for Military Families Act of 2023

Education Savings Accounts for Military Families Act of 2023

A bill 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

Sen. Cruz, Ted [R-TX]

Cosponsors and Supporters

Sen. Scott, Tim [R-SC]

Sen. Braun, Mike [R-IN]

Committees and Subcommittees

Finance Committee

Variations and Revisions

Education Savings Accounts for Military Families Act of 2023

Education Savings Accounts for Military Families Act of 2023

12/15/2023, 4:05 PM

Education Savings Accounts for Military Families Act of 2023

This bill directs the Department of Education (ED) to establish a program to provideĀ children with parents on active duty in the uniformed services w...

Congress
118

Number
S - 60

Introduced on
2023-01-24

# Amendments
0

Sponsors
+5

Cosponsors
+5

Variations and Revisions

1/24/2023

Status of Legislation

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

Purpose and Summary

Education Savings Accounts for Military Families Act of 2023

This bill directs the Department of Education (ED) to establish a program to provideĀ children with parents on active duty in the uniformed services w...

Alternative Names
Official Title as IntroducedA bill 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.

Policy Areas
Education

Potential Impact
Bank accounts, deposits, capitalā€¢
Education programs fundingā€¢
Elementary and secondary educationā€¢
Income tax exclusionā€¢
Military personnel and dependentsā€¢
Student aid and college costs

Comments

Recent Activity

Latest Summary2/9/2023

Education Savings Accounts for Military Families Act of 2023

This bill directs the Department of Education (ED) to establish a program to provideĀ children with parents on active duty in the uniformed services w...


Latest Action1/24/2023
Read twice and referred to the Committee on Finance.