summary
Introduced
03/23/2021
03/23/2021
In Committee
03/23/2021
03/23/2021
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 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)
Abigail Spanberger (D)*,
Bob Gibbs (R),
John Katko (R),
Kathy Manning (D),
Dean Phillips (D),
Deborah Ross (D),
Fred Upton (R),
Rob Wittman (R),
Last Action
Referred to the House Committee on Ways and Means. (on 03/23/2021)
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/house-bill/2171/all-info |
| BillText | https://www.congress.gov/117/bills/hr2171/BILLS-117hr2171ih.pdf |
| Bill | https://www.congress.gov/117/bills/hr2171/BILLS-117hr2171ih.pdf.pdf |
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