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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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Status:
Expired
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Additional Information
American Workforce Empowerment Act
Print number: HR 2691
Sponsor: Rep. Hagedorn, Jim [R-MN-1]
Process start date: 2021-04-20
System Note: Lustra is free, publicly auditable civic infrastructure, with full source code available on GitHub. You are reading sterilized legislative data, processed by our radical neutrality engine to strip political spin and retain factual mechanics. We process only official government data. Original documents remain the authoritative source, always verify them if you can.
Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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Summary & Status

Key Questions about Expanding 529 Plans: Funding for Technical Training and Apprenticeships

A structured overview of the legislative process, official sources, status and civic context.

What is the official ID of this bill?

The official print number for this legislation is 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.

Analysis and Potential Impact of HR 2691

We don't know, that is up to you to decide. Summarizing raw data with AI is fundamentally different from predicting socio-economic outcomes. As of 2026, we believe impact assessment strictly requires a human in the loop to verify and judge. Review our public AI processing logs for full transparency, and use Lustra to track active legislation for instant status push notifications.

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