HR 5701 · 109th Congress · Taxation

Student Financial Readiness Act of 2006

Introduced 2006-06-28· Sponsored by Rep. Knollenberg, Joe [R-MI-9]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the House Committee on Ways and Means.(2006-06-28)

Plain Language Summary

[AI summary unavailable — showing source text] Student Financial Readiness Act of 2006 - Amends the Internal Revenue Code to: (1) increase from $2,000 to $5,000 the annual contribution limit to Coverdell education savings accounts; (2) adjust such contribution limit for inflation after 2006; and (3) prohibit contributions by individuals whose modified adjusted gross income exceeds $150,000 ($300,000 for married couples filing joint tax returns).…

Summarized by Claude AI · Non-partisan · For informational purposes only

Cosponsors (3)

3 Republicans
Rep. Burton, Dan [R-IN-5]IN
Rep. Walsh, James T. [R-NY-25]NY
Rep. Hyde, Henry J. [R-IL-6]IL