Freedom To Invest in Tomorrow's Workforce Act

House Bill 5339 - Freedom To Invest in Tomorrow's Workforce Act: Overview, Status, and Impact

Hozzl · 2022-10-28T01:46:04Z

Explore the details of House Bill 5339 Freedom To Invest in Tomorrow's Workforce Act currently in Congress. Get insights into its purpose, current status, sponsors, and potential impact on Taxation. Stay informed on legislative developments.

10/28/2022, 1:46 AM

Congressional Summary of HR 5339

Freedom To Invest in Tomorrow's Workforce Act

This bill amends the Internal Revenue Code to allow 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.

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Current Status of Bill HR 5339

Bill HR 5339 is currently in the status of Bill Introduced since December 6, 2019. Bill HR 5339 was introduced during Congress 116 and was introduced to the House on December 6, 2019. Bill HR 5339's most recent activity was Referred to the House Committee on Ways and Means. as of December 6, 2019

Bipartisan Support of Bill HR 5339

Total Number of Sponsors

Democrat Sponsors

Republican Sponsors

Unaffiliated Sponsors

Total Number of Cosponsors

Democrat Cosponsors

Republican Cosponsors

Unaffiliated Cosponsors

Policy Area and Potential Impact of Bill HR 5339

Primary Policy Focus

Taxation

Potential Impact Areas

- Employment and training programs

- Licensing and registrations

- User charges and fees

Alternate Title(s) of Bill HR 5339

Freedom To Invest in Tomorrow's Workforce Act

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