Bill

Bill > HR2171


US HR2171

US HR2171
Freedom To Invest in Tomorrow's Workforce Act


summary

Introduced
03/23/2021
In Committee
03/23/2021
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 certain expenses associated with obtaining or maintaining recognized postsecondary credentials to be treated as qualified higher education expenses for purposes of 529 accounts.

AI Summary

This bill, the Freedom To Invest in Tomorrow's Workforce Act, amends the Internal Revenue Code to allow certain expenses associated with obtaining or maintaining recognized postsecondary credentials to be treated as qualified higher education expenses for the purposes of 529 accounts. This includes tuition, fees, books, supplies, and equipment required for enrollment or attendance in a recognized postsecondary credential program, as well as fees to obtain or maintain such a credential, including certificate or certification programs accredited by national organizations. The bill defines a "recognized postsecondary credential program" as a program to obtain a credential that is included on a list prepared under the Workforce Innovation and Opportunity Act or meets the prerequisites to qualify an individual to take an examination required to obtain or maintain the credential.

Committee Categories

Budget and Finance

Sponsors (8)

Last Action

Referred to the House Committee on Ways and Means. (on 03/23/2021)

bill text


bill summary

Loading...

bill summary

Loading...
Loading...