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Expanding Education Savings Programs for Job Training and Career Pathways

New rules broaden the use of funds from education savings programs (529 plans). Citizens can now use these funds not only for college but also for job training programs and apprenticeships. These changes aim to make various forms of education and skill development more accessible.
Key points
Funds from 529 education savings programs can now be used for job training programs and recognized apprenticeship programs.
Short-term career and technical education programs and career pathways can now be funded.
Excise tax for certain private colleges increased, but institutions not accepting federal aid are exempt.
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Additional Information
Print number: 117_HR_8128
Sponsor: Rep. Smucker, Lloyd [R-PA-11]
Process start date: 2022-06-16
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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

To amend the Internal Revenue Code of 1986 to expand the uses for funds under qualified tuition programs, and for other purposes.

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_HR_8128.

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 2022-06-16.

What are the main provisions?

Key points include:

  • Funds from 529 education savings programs can now be used for job training programs and recognized apprenticeship programs.
  • Short-term career and technical education programs and career pathways can now be funded.
  • Excise tax for certain private colleges increased, but institutions not accepting federal aid are exempt.
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. Smucker, Lloyd [R-PA-11].

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 2025-12-28.

CATEGORIES

Education Taxes Labor