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S 2921 United States Senate · 118th Congress

American Workforce Empowerment Act

Summary
American Workforce Empowerment Act  This bill expands the types of programs that tax-preferred college savings plans (i.e., 529 plans) may fund with distributions, including preapprenticeship and registered apprenticeship programs, a program of high school career and technical education, and a recognized postsecondary credential.
Issues: ✓ Budget & TaxesSupports Budget & TaxesExpands tax-preferred 529 plans to fund workforce programs, enabling tax-advantaged savings for career training and education.95% confidence ✓ EducationSupports EducationExpands 529 plan eligibility to include high school career programs and apprenticeships, enhancing educational pathways and access for students.90% confidence
Sub-Topics: Career & Technical Education Student Financial Aid Higher Education
Bill status in committee 1 of 4 stages cleared
Introduction
Sep 2023
Committee Review
Floor Vote
President
Introduced Sep 26, 2023 Last action Sep 26, 2023
Floor votes

How they voted

No floor votes recorded yet.
Full legislative history

Actions timeline

Total actions
2
Key actions
0
Committee
1
Sep 26, 2023
Committee
Read twice and referred to the Committee on Finance.
upper
Sep 26, 2023
Introduced
Introduced in Senate
upper
1 primary · 3 co-sponsors

Sponsors

Role
Legislator
Party
State
District
P
Photo of Roger Marshall
Roger Marshall
RRepublican
KS
n/a
Co
Photo of Mike Braun
Mike Braun
RRepublican
IN
n/a
Co
Photo of Susan M. Collins
Susan M. Collins
RRepublican
ME
n/a
Co
Photo of Ted Budd
Ted Budd
RRepublican
NC
n/a