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Freedom To Invest in Tomorrow's Workforce Act
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.
Read the Full Bill
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
1Democrat Sponsors
1Republican Sponsors
0Unaffiliated Sponsors
0Total Number of Cosponsors
4Democrat Cosponsors
3Republican Cosponsors
1Unaffiliated Cosponsors
0Policy Area and Potential Impact of Bill HR 5339
Primary Policy Focus
TaxationPotential 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
Comments
Sponsors and Cosponsors of HR 5339
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