Bill · H.R. 1151· House(119-HR-1151)

Freedom to Invest in Tomorrow’s Workforce Act

Age: 67 years

Virginia

Introduced: 2/7/2025
Last activity: 2/7/2025 — Referred to the House Committee on Ways and Means.
Sponsored by: Robert Wittman
Cosponsors: - 114 - 88

Taxation

Introduced
In Committee

What this bill would do

This bill, titled the "Freedom to Invest in Tomorrow's Workforce Act," seeks to amend the Internal Revenue Code of 1986. It proposes to treat certain postsecondary credentialing expenses as qualified higher education expenses for the purposes of 529 accounts. This change would include expenses such as tuition, fees, books, and equipment for recognized credential programs. It also covers testing fees required to obtain or maintain a credential, as well as continuing education fees. The bill defines what constitutes a recognized program and a recognized credential through various industry and government standards.

Yes· 3 of 13

Would students be better off under this?+5
It provides significant new flexibility for students pursuing credentials rather than traditional degrees.
Does this make college cost less?+5
The bill expands the use of 529 funds to cover a wider array of vocational and credentialing costs.
Would people in their twenties and thirties be better off under this?+4
Young adults entering the workforce can use 529 accounts for specialized credentials and training.