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Expanding 529 Savings Plans for Vocational Training and Apprenticeships.

This act broadens the use of tax-advantaged 529 savings plans, which were previously limited mostly to college expenses. Citizens can now use these funds tax-free to cover costs associated with technical training, registered apprenticeship programs, and obtaining professional certifications. This change provides greater flexibility in financing non-degree education and supports workforce skill development.
Key points
Funds from 529 savings accounts can now be used to pay for vocational training, technical courses, and registered apprenticeship programs.
The change covers expenses like fees, books, supplies, and equipment required for certified training and credential programs.
This expansion applies to expenses paid for programs starting after the law is enacted, increasing access to funds for career education.
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Additional Information
Print number: 118_S_2921
Sponsor: Sen. Marshall, Roger [R-KS]
Process start date: 2023-09-26
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Summarized by: gemini-2.5-flash-preview-09-2025
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_S_2921.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2023-09-26.

What are the main provisions?

Key points include:

  • Funds from 529 savings accounts can now be used to pay for vocational training, technical courses, and registered apprenticeship programs.
  • The change covers expenses like fees, books, supplies, and equipment required for certified training and credential programs.
  • This expansion applies to expenses paid for programs starting after the law is enacted, increasing access to funds for career education.
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. Marshall, Roger [R-KS].

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 2025-12-26.

CATEGORIES

Taxes Education Labor