Freedom To Invest in Tomorrow's Workforce Act

3/7/2024, 9:08 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 credentials.

Congress
118
Number
S - 722
Introduced on
2023-03-08
# Amendments
0
Sponsors
+5
Cosponsors
+5

Variations and Revisions

3/8/2023
Text
PDF
XML

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 credentials.

Alternative Names
Official Title as IntroducedA bill 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.
Policy Areas
Taxation

Comments

Related

Bill Update Alert:  Freedom To Invest in Tomorrow's Workforce Act

Recent Activity

Latest Summary3/30/2023

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
Read twice and referred to the Committee on Finance.