S 756 · 119th Congress · Taxation

Freedom to Invest in Tomorrow’s Workforce Act

Introduced 2025-02-26· Sponsored by Sen. Klobuchar, Amy [D-MN]· Senate

Bill Progress

Introduced
2
Committee
3
Senate Vote
4
House
5
Enacted
Latest: Read twice and referred to the Committee on Finance.(2025-02-26)

Plain Language Summary

[AI summary unavailable — showing source text] Freedom to Invest in Tomorrow’s Workforce Act This bill expands the expenses eligible for tax-free withdrawals from a qualified tuition program (known as a 529 plan) to include tuition, fees (including test fees), books, supplies, equipment, and other expenses related to the enrollment or attendance in a recognized postsecondary credentialing program. Under the bill, a recognized postsecondary credentialing program includes certain programs identified by a state as providing training services, a program listed in the Web Enabled Approval Management System (WEAMS) maintained by the Department of Veterans Affairs, certain examinations required to obtain or maintain a credential, and other reputable credentialing programs. Further, under the bill, such programs must be designed for an individual to obtain an industry-recognized postsecondary employment credential (e.g., project management professional certificate, advanced emergency medical technician certificate, and welding supervisor certificate), a certificate of completion of a registered and certified apprenticeship, an occupational or professional license issued or recognized by a state or the federal government (and …

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

Cosponsors (16)

6 Democrats9 Republicans1 Independent