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Easier College Savings and Retirement Rollovers.

This act makes it easier for parents to save for college through qualified tuition programs. It also allows unused funds from these programs to be rolled over into a Roth IRA, providing more flexibility in managing savings.
Key points
Contributions to qualified tuition programs (529 plans) can now count towards the saver's credit.
Unused funds from 529 plans can be rolled over into a Roth IRA, subject to certain conditions and limits.
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Additional Information
Print number: 117_S_4103
Sponsor: Sen. Hassan, Margaret Wood [D-NH]
Process start date: 2022-04-28
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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

Helping Parents Save for College Act of 2022

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_S_4103.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2022-04-28.

What are the main provisions?

Key points include:

  • Contributions to qualified tuition programs (529 plans) can now count towards the saver's credit.
  • Unused funds from 529 plans can be rolled over into a Roth IRA, subject to certain conditions and limits.
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. Hassan, Margaret Wood [D-NH].

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 Taxes Family