Collegiate Learning and Student Savings Act

Bill Number

HR 549

Introduced

Feb 8, 2001

Latest Action

Referred to the Subcommittee on Capital Markets, Insurance and Government Sponsored Enterprises, for a period to be subs ...

Sponsor

Cosponsors

Topics

College costs Education Education savings accounts Finance and Financial Sector Higher education Income tax Mutual funds Personal income tax Securities regulation Tax exclusion Tax penalties Tax-exempt organizations Taxation Tuition tax credits

Full Text

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Votes

Summary

Collegiate Learning and Student Savings Act - Amends the Internal Revenue Code to: (1) permit private higher educational institutions, in addition to currently permitted State institutions, to establish qualified tuition programs; and (2) exclude from gross income such program distributions used for qualified higher education expenses.

Amends the Investment Company Act of 1940 to exempt qualified tuition programs from the definition of an investment company.

Actions

Mar 2, 2001

Referred to the Subcommittee on Capital Markets, Insurance and Government Sponsored Enterprises, for a period to be subsequently determined by the Chairman.
Feb 8, 2001

Referred to the Committee on Ways and Means, and in addition to the Committee on Financial Services, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Feb 8, 2001

Introduced in House

Amendments

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