529 Savings Plans: Use for Job Training and Licenses
A house committee must act next: committee consideration.
This bill has strong support from both parties and addresses a popular issue, but it must still pass through the busy tax committee before reaching a full vote.
Scores run from -100 (strongly harmful) to +100 (strongly beneficial) for each group, combining impact, certainty, scope, and duration ratings of 1-5. How impact scoring works
Programs listed in the VA's WEAMS directory would count as recognized credential programs eligible for 529 funds, which could help veterans and their family beneficiaries pay for credentialing tied to VA-approved training. The effect is limited since it depends on whether veterans or their dependents hold and use 529 accounts.
“such program is listed in the WEAMS Public directory (or successor directory) maintained by the Department of Veterans Affairs”
Referred to the House Committee on Ways and Means.
Introduced in House
The bill was officially filed and given a number. It now enters the legislative queue.
No votes or news coverage recorded for this bill yet.
Document Type
Congressional Bill
Official Title
Freedom to Invest in Tomorrow’s Workforce Act
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