Bill > HR5339

This bill, the Freedom To Invest in Tomorrow's Workforce Act, 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. This includes tuition, fees, books, supplies, and equipment required for enrollment or attendance in a recognized postsecondary credential program, as well as fees required to obtain or maintain such a credential. The bill defines a "recognized postsecondary credential program" as a program included on a list prepared under the Workforce Innovation and Opportunity Act or one that meets the training or educational prerequisites to qualify an individual to take an examination developed or administered by an organization widely recognized as providing reputable credentials in the occupation. The amendment applies to expenses paid or incurred in taxable years beginning after the date of the bill's enactment.

Budget and Finance

https://www.congress.gov/bill/116th-congress/house-bill/5339/all-info