529 OPTIONS Act
Latest action · May 10, 2019 Referred to the House Committee on Ways and Means.
Progress
Where this bill reached, and when. A stage with no date was not reached; one that failed a vote and later carried shows the date it carried.
- IntroducedMay 10, 2019
- Passed HouseNot reached
- Passed SenateNot reached
- To the PresidentNot reached
- Became lawNot reached
Summary
529 Opening Paths To Invest in Our Nation's Students Act or the 529 OPTIONS Act
This bill allows tax-free distributions from qualified tuition programs (known as 529 plans) to be used for certain expenses associated with registered apprenticeship programs.
The bill expands the definition of "qualified higher education expenses" for which tax-free distributions are allowed to include (1) books, supplies, and equipment required for the enrollment or attendance of a designated beneficiary in an apprenticeship program registered and certified with the Department of Labor; (2) child care at a licensed day care center, and transportation, in connection with such enrollment or attendance; and (3) costs associated with obtaining an industry certification or other credential in connection with an apprenticeship program.
Cosponsors 10
Members who signed on, in the order they did. Signatures ran from May 10, 2019 to Jan 16, 2020; 3 are original cosponsors, there from the day it was introduced.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| D-MI | Daniel T. Kildee | Original | May 10, 2019 |
| D-PA | Madeleine Dean | Original | May 10, 2019 |
| R-PA | Mike Kelly | Original | May 10, 2019 |
| R-PA | Brian K. Fitzpatrick | May 20, 2019 | |
| D-CA | Salud O. Carbajal | May 20, 2019 | |
| D-NY | Anthony Brindisi | Jul 9, 2019 | |
| R-WI | F. James Sensenbrenner, Jr. | Jul 18, 2019 | |
| D-WA | Adam Smith | Oct 21, 2019 | |
| D-CO | Ed Perlmutter | Oct 28, 2019 | |
| R-NJ | Christopher H. Smith | Jan 16, 2020 |
Committees 1
Where it was sent and what each committee and subcommittee did with it, in order.
| Chamber | Committee | What it did |
|---|---|---|
| House | Ways and Means Committee | Referred May 10, 2019 |
Actions 2
Everything that happened, newest first.
- May 10, 2019Introduced in House
- May 10, 2019Referred to the House Committee on Ways and Means.
Research
What has been written about this bill: committee reports, cost estimates, the sponsor’s authority statement, printed hearings and the Congressional Research Service’s work.
Constitutional authority
The sponsor’s statement, as printed in the Congressional Record, vol. 165, no. 78, May 10, 2019, page H3728.
Related bills 1
Companion bills and other measures the record links to this one.
| Bill | Title | Relationship | Latest action |
|---|---|---|---|
| S 1623 | Expanding Access to Apprenticeships Act | Related bill | May 22, 2019 |
Titles 3
Every title it has carried, official and short, at each stage.
- Official Title as Introduced
- To amend the Internal Revenue Code of 1986 to allow tax free distributions from section 529 college savings plans for certain expenses associated with registered apprenticeship programs.
- Short Title(s) as Introduced
- 529 OPTIONS Act
- 529 Opening Paths To Invest in Our Nation’s Students Act
Subjects
Assigned by the Library of Congress. Policy area: Taxation.
Text 1
Each version as it was printed, newest first.
- May 10, 2019Introduced in House
Everything here is as published by Congress: the summary is the Congressional Research Service's, the action wording is the clerks', and the subjects are the Library of Congress's. How far it got is read from the actions themselves, taking the most recent one of each kind, so a bill that failed a vote and later passed is shown as having passed. Records come from this bill on Congress.gov and govinfo.gov; cost estimates are the Congressional Budget Office's, and the hearings are the printed hearings GovInfo publishes, which can appear months after the hearing.
