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College Savings Protection Act

1/16/2023, 10:33 PM

Congressional Summary of HR 249

College Savings Protection Act- Amends the Internal Revenue Code to: (1) permit private educational institutions to maintain qualified tuition programs; and (2) exclude distributions from such programs which are used to pay educational expenses from gross income.

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Current Status of Bill HR 249

Bill HR 249 is currently in the status of Bill Introduced since January 30, 2001. Bill HR 249 was introduced during Congress 107 and was introduced to the House on January 30, 2001.  Bill HR 249's most recent activity was See H.R.1836. as of August 13, 2001

Bipartisan Support of Bill HR 249

Total Number of Sponsors
1
Democrat Sponsors
0
Republican Sponsors
1
Unaffiliated Sponsors
0
Total Number of Cosponsors
1
Democrat Cosponsors
0
Republican Cosponsors
1
Unaffiliated Cosponsors
0

Policy Area and Potential Impact of Bill HR 249

Primary Policy Focus

Taxation

Potential Impact Areas

- College costs
- Colleges
- Education
- Education savings accounts
- Educational finance
- Finance and Financial Sector
- Higher education
- Income tax
- Labor and Employment
- Personal income tax
- Tax exclusion
- Vocational and technical education

Alternate Title(s) of Bill HR 249

College Savings Protection Act
To amend the Internal Revenue Code of 1986 to permit private educational institutions to maintain qualified tuition programs and to provide that distributions from such programs which are used to pay educational expenses shall not be includible in gross income.
College Savings Protection Act

Comments

Sponsors and Cosponsors of HR 249

Spencer Bachus
Spencer Bachus
AlabamaRepublican
Ron Paul
Ron Paul
TexasRepublican

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