HR 5339
Freedom To Invest in Tomorrow's Workforce Act
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Sign in to take action- Introduced
- Passed House
- Passed Senate
- To President
- Became Law
Bill overview
This bill, the Freedom To Invest in Tomorrow's Workforce Act, amends tax law to allow funds in 529 college savings accounts to be used for expenses related to career training and credentialing programs. Specifically, it expands the definition of ‘qualified higher education expenses’ to include fees associated with obtaining or maintaining recognized postsecondary credentials like certifications and licenses. This change aims to make it easier for families to save for and pay for these valuable skills-based educational opportunities.
Sponsors
Official sponsors from legislative records.
Primary sponsor
Abigail Davis Spanberger
Cosponsors
Elaine G. Luria
Michael F. Q. [D-GU-At Large] San Nicolas
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