118th Congress · SENATE BILLBILL

S. 2921 — American Workforce Empowerment Act

“A bill to amend the Internal Revenue Code of 1986 to permit 529 plans to be used for certain non-degree technical training certificate programs, apprenticeship programs, and other training programs.”

Taxation

Introduced Sep 26, 2023

Last action Sep 26, 2023

Pipeline · Bill → Law

Step 1

Introduced

Sep 26, 2023

Step 2

Referred

Sep 26, 2023

Finance

Step 3

Committee

Step 4

Senate

Step 5

House floor

Step 6

Resolve Changes

Step 7

Signed

SummaryCRS Summary

This bill expands the types of programs that tax-preferred college savings plans (i.e., 529 plans) may fund with distributions, including preapprenticeship and registered apprenticeship programs, a program of high school career and technical education, and a recognized postsecondary credential.

Provisions · 2 sectionsIntroduced in Senate

Timeline · 2 actions

Sep 26, 2023

Introduced in Senate

Sep 26, 2023

Read twice and referred to the Committee on Finance.