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New 529 Plan Funding for Technical Training and Apprenticeships

This act expands how 529 savings plans can be used. Now, these funds can cover costs for non-degree technical training and apprenticeship programs, making it easier for individuals to gain new skills and professional qualifications.
Key points
529 plan funds can now be used for fees, books, supplies, tools, and equipment required for registered apprenticeship programs.
Funds can also cover expenses for recognized postsecondary technical training certificate programs that do not lead to a degree.
These changes apply to expenses paid or incurred after the act's enactment date for programs starting after that date.
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Additional Information
Print number: 118_HR_329
Sponsor: Rep. Finstad, Brad [R-MN-1]
Process start date: 2023-01-12
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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 118_HR_329.

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 2023-01-12.

What are the main provisions?

Key points include:

  • 529 plan funds can now be used for fees, books, supplies, tools, and equipment required for registered apprenticeship programs.
  • Funds can also cover expenses for recognized postsecondary technical training certificate programs that do not lead to a degree.
  • These changes apply to expenses paid or incurred after the act's enactment date for programs starting 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. Finstad, Brad [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 2025-12-25.

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