Senate Bill 722 - Freedom To Invest in Tomorrow's Workforce Act

Purpose and Summary

Chamber: Senate

Introduced date: 2023-03-08

Recent Activity

Read twice and referred to the Committee on Finance.

Alternative Names

Freedom To Invest in Tomorrow's Workforce Act

A 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.

A 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.

Freedom To Invest in Tomorrow's Workforce Act

Associated Legislation

Freedom To Invest in Tomorrow's Workforce Act

Policy Areas

Taxation

Potential Impact

Sponsors and Supporters

Sen. Klobuchar, Amy [D-MN]

Cosponsors and Supporters

Sen. Braun, Mike [R-IN]

Sen. Duckworth, Tammy [D-IL]

Sen. Collins, Susan M. [R-ME]

Sen. Feinstein, Dianne [D-CA]

Sen. Manchin, Joe, III [D-WV]

Sen. Heinrich, Martin [D-NM]

Sen. Welch, Peter [D-VT]

Sen. Tuberville, Tommy [R-AL]

Sen. Hyde-Smith, Cindy [R-MS]

Sen. Ernst, Joni [R-IA]

Sen. Marshall, Roger [R-KS]

Sen. Hirono, Mazie K. [D-HI]

Sen. Schmitt, Eric [R-MO]

Sen. Kelly, Mark [D-AZ]

Sen. Hickenlooper, John W. [D-CO]

Sen. Fetterman, John [D-PA]

Sen. Lankford, James [R-OK]

Sen. Scott, Rick [R-FL]

Sen. King, Angus S., Jr. [I-ME]

Sen. Moran, Jerry [R-KS]

Committees and Subcommittees

Finance Committee

Variations and Revisions