summary
Introduced
01/26/2021
01/26/2021
In Committee
01/26/2021
01/26/2021
Crossed Over
Passed
Dead
01/03/2023
01/03/2023
Introduced Session
117th Congress
Bill Summary
A BILL To amend the Internal Revenue Code of 1986 to permit kindergarten through grade 12 educational expenses to be paid from a 529 account.
AI Summary
This bill, the Student Empowerment Act, amends the Internal Revenue Code to allow distributions from 529 education savings accounts (a tax-advantaged investment account for higher education expenses) to be used for a broader range of K-12 educational expenses. This includes tuition, curriculum materials, books, online educational materials, tutoring, standardized tests, dual enrollment fees, and educational therapies for students with disabilities, regardless of whether the student is enrolled in a public, private, religious, or homeschool program. The changes would apply to distributions made after the bill's enactment.
Committee Categories
Budget and Finance
Sponsors (9)
Ted Cruz (R)*,
Mike Braun (R),
Tom Cotton (R),
Ron Johnson (R),
James Lankford (R),
Rand Paul (R),
Ben Sasse (R),
Tim Scott (R),
Pat Toomey (R),
Last Action
Read twice and referred to the Committee on Finance. (on 01/26/2021)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.congress.gov/bill/117th-congress/senate-bill/44/all-info |
| BillText | https://www.congress.gov/117/bills/s44/BILLS-117s44is.pdf |
| Bill | https://www.congress.gov/117/bills/s44/BILLS-117s44is.pdf.pdf |
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