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New Tax-Exempt Savings Accounts for Trade and Apprenticeship Training.

This Act establishes the "Jumpstart Program," a new tax-advantaged savings vehicle designed to help citizens fund vocational training and skilled trade careers. Contributions grow tax-free, and withdrawals are exempt from tax when used for qualified expenses related to apprenticeships, technical college programs, licensing fees, and necessary tools. This provides significant financial support for individuals pursuing non-traditional career paths, effective starting in 2026.
Key points
Creation of Jumpstart Program (Section 529B) accounts, offering tax-exempt growth and distributions for qualified trade expenses.
Qualified expenses include costs for registered apprenticeship programs, technical college tuition, professional licensing fees, and the purchase of necessary tools and equipment.
Allows tax-free rollovers of funds from existing 529 Qualified Tuition Programs into the new Jumpstart accounts.
The new rules apply to taxable years beginning after December 31, 2025.
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Status: Introduced
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Additional Information
Print number: 119_HR_7115
Sponsor: Rep. Moore, Riley M. [R-WV-2]
Process start date: 2026-01-15
System Note: Lustra is free, publicly auditable civic infrastructure — full source code available on GitHub. You are reading sterilized legislative data, processed by our radical neutrality engine to strip political spin and retain factual mechanics. We process only official government data. Original documents remain the authoritative source—always verify them if you can.
Summarized by: gemini-flash-latest
Source data: api.congress.gov
AI work logs for this document launch

OFFICIAL LEGAL TITLE

Jumpstart Savings Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 119_HR_7115.

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 2026-01-15.

What are the main provisions?

Key points include:

  • Creation of Jumpstart Program (Section 529B) accounts, offering tax-exempt growth and distributions for qualified trade expenses.
  • Qualified expenses include costs for registered apprenticeship programs, technical college tuition, professional licensing fees, and the purchase of necessary tools and equipment.
  • Allows tax-free rollovers of funds from existing 529 Qualified Tuition Programs into the new Jumpstart accounts.
  • The new rules apply to taxable years beginning after December 31, 2025.
What is the specific legal status?

The current status is Introduced.

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. Moore, Riley M. [R-WV-2].

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 2026-02-03.

What is the impact of this bill?

We don't know—that is up to you to decide. Summarizing raw data with AI is fundamentally different from predicting socio-economic outcomes. As of 2026, we believe impact assessment strictly requires a human in the loop to verify and judge.

CATEGORIES

Taxes Education Labor