Bill > S3228

This bill, the 529 Expansion and Modernization Act of 2018, aims to expand the types of expenses that can be covered by 529 education savings plans. Specifically, it allows 529 funds to be used for expenses related to registered apprenticeship programs, qualified early education expenses (up to $10,000 per year), career and technical education, and industry intermediary education programs. Additionally, the bill allows employers to make tax-free contributions to their employees' 529 accounts, up to $500 per year. These changes are intended to provide more flexibility and support for individuals pursuing a variety of educational and career paths beyond traditional college.

Budget and Finance

https://www.congress.gov/bill/115th-congress/senate-bill/3228/all-info