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Expanding 529 Plans: Funding for Technical Training and Apprenticeships

This act allows funds from 529 savings plans, previously mainly for college, to be used for technical training and apprenticeship programs. This gives citizens more flexibility in financing their education, potentially making it easier to acquire new skills and enter the workforce.
Key points
529 plan funds can now be used for fees, books, tools, and equipment required for approved apprenticeship programs.
These funds can also cover costs for training leading to recognized postsecondary credentials, including testing fees.
The changes apply to expenses paid or incurred after the act's enactment date, for programs beginning after that date.
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Expired
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Additional Information
Print number: 117_HR_2691
Sponsor: Rep. Hagedorn, Jim [R-MN-1]
Process start date: 2021-04-20
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Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

American Workforce Empowerment Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_HR_2691.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2021-04-20.

What are the main provisions?

Key points include:

  • 529 plan funds can now be used for fees, books, tools, and equipment required for approved apprenticeship programs.
  • These funds can also cover costs for training leading to recognized postsecondary credentials, including testing fees.
  • The changes apply to expenses paid or incurred after the act's enactment date, for programs beginning after that date.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Hagedorn, Jim [R-MN-1].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on Ways and Means.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-27.

CATEGORIES

Education Taxes Labor