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Creates Lifelong Learning Savings Accounts
Recent Bills/Creates Lifelong Learning Savings Accounts

Creates Lifelong Learning Savings Accounts

IntroducedJanuary 15, 2025
Introduced1 year ago
Intro
House
Senate
Pres
Referred to the House Committee on Ways and Means.
More:Recently Introduced BillsEducationHouse Bills
Why This Matters

This bill creates lifelong learning accounts that help individuals save money for education and training throughout their lives.

If you want to save for education expenses, this bill allows you to use tax-free accounts for lifelong learning.
Who this affects
Anyone pursuing education · Anyone pursuing training
What changes is this bill making?
  1. 1This bill changes the name of Coverdell education savings accounts to Coverdell lifelong learning accounts.
  2. 2Individuals can use these accounts to save for education and training throughout their lives.
  3. 3The bill allows for tax-free withdrawals from these accounts for qualified education expenses.
  4. 4It encourages people to invest in their skills and education at any age.
Read the detailed summary

No Central Bank Digital Currency Act or the No CBDC Act This bill generally prohibits the Federal Reserve Board, Federal Reserve Banks, the Department of the Treasury, and other agencies from issuing or using a central bank digital currency.

Bill Progress1 of 4
Bills must pass the House, Senate, and be signed by the President to become law.
Intro
House
Senate
Pres
IntroducedCurrentJan 15, 2025

Referred to the House Committee on Ways and Means.

Sponsors
See all 7 sponsors
House
Senate
President

The President

Joe Biden
46th President
Awaiting Vote
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