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Allows 529 Accounts for K-12 Expenses
Recent Bills/Allows 529 Accounts for K-12 Expenses

Allows 529 Accounts for K-12 Expenses

IntroducedN/A
Introduced1 year ago
Intro
Senate
House
Pres
Read twice and referred to the Committee on Finance.
More:Recently Introduced BillsEducationSenate Bills
Why This Matters

This bill allows families to use money from 529 accounts to pay for K-12 educational expenses, expanding the use of these savings plans.

If you have a child in K-12 school, you can now use 529 accounts for expenses like tuition and books starting in 2025.
Who this affects
Parents · Guardians · Homeschoolers
What changes is this bill making?
  1. 1Parents can use 529 accounts to pay for kindergarten through grade 12 educational costs.
  2. 2Eligible expenses include tuition, books, online materials, and tutoring services.
  3. 3The bill also covers fees for standardized tests and dual enrollment in colleges.
  4. 4Homeschooling families can access these funds for educational materials and therapies.
Read the detailed summary

Federal Disaster Assistance Coordination Act This bill requires the Federal Emergency Management Agency (FEMA) to streamline disaster information collection, convene a working group on preliminary damage assessments, and provide a report to Congress. FEMA must (1) conduct a study and develop a plan under which the collection of information from disaster assistance applicants and grantees will be made less burdensome, duplicative, and time consuming for applicants and grantees; and (2) develop a plan for the regular collection and reporting of information on federal disaster assistance awarded. Additionally, not later than two years after enactment of the bill, FEMA must convene a working group on a regular basis to (1) identify potential areas of duplication or fragmentation in preliminary damage assessments after disaster declarations; (2) determine the applicability of having one federal agency make the assessments for all agencies; and (3) identify potential emerging technologies, such as unmanned aircraft systems (i. e., drones), to expedite the administration of preliminary damage assessments. FEMA must submit a comprehensive report on the plans for streamlining and consolidating information collection and the findings and recommendations of the working group to Congress with a briefing. The report must be made available to the public and posted on FEMA's website.

Bill Progress1 of 4
Bills must pass the House, Senate, and be signed by the President to become law.
Intro
Senate
House
Pres
IntroducedCurrentJan 3, 2025

Read twice and referred to the Committee on Finance.

Sponsors
See all 3 sponsors
Senate
House
President

The President

Donald Trump
President
Awaiting Vote
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