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Freedom To Invest in Tomorrow's Workforce Act
3/7/2024, 9:08 AM
Congressional Summary of S 722
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.
Read the Full Bill
Current Status of Bill S 722
Bill S 722 is currently in the status of Bill Introduced since March 8, 2023. Bill S 722 was introduced during Congress 118 and was introduced to the Senate on March 8, 2023. Bill S 722's most recent activity was Read twice and referred to the Committee on Finance. as of March 8, 2023
Bipartisan Support of Bill S 722
Total Number of Sponsors
1Democrat Sponsors
1Republican Sponsors
0Unaffiliated Sponsors
0Total Number of Cosponsors
20Democrat Cosponsors
9Republican Cosponsors
10Unaffiliated Cosponsors
1Policy Area and Potential Impact of Bill S 722
Primary Policy Focus
TaxationAlternate Title(s) of Bill S 722
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
Comments
Sponsors and Cosponsors of S 722
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