Freedom To Invest in Tomorrow's Workforce Act

Senate Bill 722 - Freedom To Invest in Tomorrow's Workforce Act: Overview, Status, and Impact

Hozzl · 2024-03-07T09:08:39Z

Explore the details of Senate Bill 722 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.

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.

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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

Democrat Sponsors

Republican Sponsors

Unaffiliated Sponsors

Total Number of Cosponsors

Democrat Cosponsors

Republican Cosponsors

Unaffiliated Cosponsors

Policy Area and Potential Impact of Bill S 722

Primary Policy Focus

Taxation

Alternate 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.

Freedom To Invest in Tomorrow's Workforce Act