Senate
Jan 20, 2025Student Empowerment Act
Summary
Official
Student Empowerment Act This bill expands the education-related expenses that may be paid for with tax-free distributions from a qualified tuition program (also known as a 529 plan) to include certain expenses related to elementary, secondary, and homeschool education. Under current law, distributions from a 529 plan are excluded from gross income if they are used...
Bill Progress
Bill has been introduced and assigned a number
Introduced(1/20/25)
Committee
Passed
House
Passed
Senate
President
Law
Sponsor
TC
Mr. Cruz
Senate (R) Texas
Cosponsors (8)
Latest Action
Read twice and referred to the Committee on Finance.
Jan 20, 2025
View Bill on Congress.gov