Proposal:529 OPTIONS Act

This proposal is archived and closed to further debate. It was introduced in the 116th Congress, which has concluded, and the bill was not enacted into law.

Bill	HR 2679
Type of Legislation	House Bill
Congress	116
Source	View original on Congress.gov

Geographic Scope

National

Description

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.

Bill Title

529 OPTIONS Act

Linked Goals

• Goal:Promote General Welfare

Steps

• 2019-05-10: Referred to the House Committee on Ways and Means.
• 2019-05-10: Introduced in House
• 2019-05-10: Introduced in House

Projected Outcome

A more informed proposal or public response aligned with the Promote General Welfare goal.