arrow_back Back to App

Education Savings Accounts for Military Families

This act establishes special education savings accounts for children of military families. Parents can use these funds for various educational expenses, such as private schools, tutoring, or learning materials, giving them greater flexibility in choosing their children's educational path. The goal is to support the education of children of active-duty service members.
Key points
Establishes Military Education Savings Accounts for children of active-duty service members.
Parents can use funds for a wide range of educational expenses, including private schools, online programs, tutoring, educational materials, and extracurricular activities.
Initial deposit amount is $6,000 per child annually, with potential for increase in subsequent years.
Accounts are tax-exempt, and contributions and distributions are not included in gross income.
Introduces a priority system for funding in case of insufficient funds, favoring siblings and children of enlisted members.
Allows parents to choose a transfer schedule for funds and requires expense reporting.
article Official text account_balance Process page
Expired
Citizen Poll
No votes cast
Additional Information
Print number: 117_S_2165
Sponsor: Sen. Sasse, Ben [R-NE]
Process start date: 2021-06-22
Lustra uses Artificial Intelligence. Verify details in source documents.
Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
AI work logs for this document launch

OFFICIAL LEGAL TITLE

Education Savings Accounts for Military Families Act of 2021

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_S_2165.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2021-06-22.

What are the main provisions?

Key points include:

  • Establishes Military Education Savings Accounts for children of active-duty service members.
  • Parents can use funds for a wide range of educational expenses, including private schools, online programs, tutoring, educational materials, and extracurricular activities.
  • Initial deposit amount is $6,000 per child annually, with potential for increase in subsequent years.
  • Accounts are tax-exempt, and contributions and distributions are not included in gross income.
  • Introduces a priority system for funding in case of insufficient funds, favoring siblings and children of enlisted members.
  • Allows parents to choose a transfer schedule for funds and requires expense reporting.
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 Sen. Sasse, Ben [R-NE].

What is the latest detailed status?

The latest detailed status is: Introduced in Senate

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-29.

CATEGORIES

Education Family Benefits