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US HR605

US HR605
Student Empowerment Act


summary

Introduced
01/28/2021
In Committee
01/28/2021
Crossed Over
Passed
Dead
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, titled the "Student Empowerment Act," proposes to amend the Internal Revenue Code of 1986 to allow funds from 529 college savings accounts to be used for a wider range of elementary and secondary education expenses. Specifically, the bill would permit 529 account funds to be used for tuition, curriculum materials, books, online educational materials, tutoring fees, standardized test fees, dual enrollment in higher education institutions, and educational therapies for students with disabilities. These expenses would be permitted for enrollment or attendance at public, private, or religious schools, as well as for homeschooling.

Committee Categories

Budget and Finance

Sponsors (23)

Last Action

Referred to the House Committee on Ways and Means. (on 01/28/2021)

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