summary
Introduced
03/08/2023
03/08/2023
In Committee
03/08/2023
03/08/2023
Crossed Over
Passed
Dead
01/03/2025
01/03/2025
Introduced Session
118th 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," aims to amend 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. Specifically, the bill would permit the use of 529 account funds for 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, including certification programs accredited by the National Commission on Certifying Agencies or the American National Standards Institute, or any other postsecondary credential identified by the Internal Revenue Service in consultation with the Department of Labor. This change would apply to expenses paid or incurred in taxable years after the date of the bill's enactment.
Committee Categories
Budget and Finance
Sponsors (151)
Rob Wittman (R)*,
Mark Amodei (R),
Don Bacon (R),
Troy Balderson (R),
Andy Barr (R),
Cliff Bentz (R),
Jack Bergman (R),
Stephanie Bice (R),
Andy Biggs (R),
Gus Bilirakis (R),
Sanford Bishop (D),
Mike Bost (R),
Julia Brownley (D),
Larry Bucshon (R),
Nikki Budzinski (D),
Ken Calvert (R),
Kat Cammack (R),
Yadira Caraveo (D),
Mike Carey (R),
Jerry Carl (R),
Buddy Carter (R),
John Carter (R),
Matt Cartwright (D),
Lori Chavez-DeRemer (R),
Ben Cline (R),
Mike Collins (R),
Angie Craig (D),
Rick Crawford (R),
Jason Crow (D),
Henry Cuellar (D),
Anthony D'Esposito (R),
Sharice Davids (D),
Don Davis (D),
Monica De La Cruz (R),
Madeleine Dean (D),
Mark DeSaulnier (D),
Scott DesJarlais (R),
Byron Donalds (R),
Chuck Edwards (R),
Randy Feenstra (R),
Drew Ferguson (R),
Brian Fitzpatrick (R),
Chuck Fleischmann (R),
Mike Flood (R),
Bill Foster (D),
Valerie Foushee (D),
Russell Fry (R),
Ruben Gallego (D),
John Garamendi (D),
Carlos Giménez (R),
Marie Gluesenkamp Pérez (D),
Jared Golden (D),
Vicente Gonzalez (D),
Jenniffer González (R),
Lance Gooden (R),
Paul Gosar (R),
Josh Gottheimer (D),
Glenn Grothman (R),
Michael Guest (R),
Harriet Hageman (R),
Josh Harder (D),
Andy Harris (R),
Steven Horsford (D),
Erin Houchin (R),
Chrissy Houlahan (D),
Jeff Jackson (D),
Jonathan Jackson (D),
John James (R),
Bill Johnson (R),
Mike Johnson (R),
Dave Joyce (R),
Tom Kean (R),
Mike Kelly (R),
Trent Kelly (R),
Jen Kiggans (R),
Derek Kilmer (D),
Andy Kim (D),
Raja Krishnamoorthi (D),
David Kustoff (R),
Darin LaHood (R),
Nick LaLota (R),
Nick Langworthy (R),
John Larson (D),
Jake LaTurner (R),
Mike Lawler (R),
Susie Lee (D),
Barry Loudermilk (R),
Frank Lucas (R),
Nancy Mace (R),
Seth Magaziner (D),
Nicole Malliotakis (R),
Tracey Mann (R),
Kathy Manning (D),
Lucy McBath (D),
Jenn McClellan (D),
Dan Meuser (R),
Max Miller (R),
Cory Mills (R),
Alex Mooney (R),
Barry Moore (R),
Blake Moore (R),
Nathaniel Moran (R),
Joe Morelle (D),
Jim Moylan (R),
Frank Mrvan (D),
Kevin Mullin (D),
Greg Murphy (R),
Jerry Nadler (D),
Joe Neguse (D),
Donald Norcross (D),
Eleanor Holmes Norton (D),
Zach Nunn (R),
Burgess Owens (R),
Chris Pappas (D),
Scott Peters (D),
Brittany Pettersen (D),
Dean Phillips (D),
Bill Posey (R),
Jamie Raskin (D),
Guy Reschenthaler (R),
Deborah Ross (D),
Dutch Ruppersberger (D),
John Rutherford (R),
Adam Schiff (D),
Hillary Scholten (D),
Kim Schrier (D),
Austin Scott (R),
Keith Self (R),
Chris Smith (R),
Eric Sorensen (D),
Abigail Spanberger (D),
Bryan Steil (R),
Greg Steube (R),
G.T. Thompson (R),
Dina Titus (D),
Jill Tokuda (D),
David Trone (D),
David Valadao (R),
Jeff Van Drew (R),
Beth Van Duyne (R),
Derrick Van Orden (R),
Gabe Vasquez (D),
Marc Veasey (D),
Michael Waltz (R),
Bruce Westerman (R),
Jennifer Wexton (D),
Susan Wild (D),
Brandon Williams (R),
Joe Wilson (R),
Steve Womack (R),
Rudy Yakym (R),
Last Action
Referred to the House Committee on Ways and Means. (on 03/08/2023)
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/118th-congress/house-bill/1477/all-info |
| BillText | https://www.congress.gov/118/bills/hr1477/BILLS-118hr1477ih.pdf |
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