US HB4017 | 2019-2020 | 116th Congress

Status

Spectrum: Partisan Bill (Democrat 2-0)
Status: Introduced on July 25 2019 - 25% progression
Action: 2019-07-25 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]

Summary

Lifelong Learning and Training Account Act of 2019 This bill establishes tax-exempt savings accounts that may be used to pay for training expenses and will be managed by state programs known as Lifelong Learning and Training Account programs. Tax-exempt distributions from an account may be used for training that results in a recognized postsecondary credential, such as an industry-recognized certificate or certification, a license recognized by the federal government or a state, or an associate or baccalaureate degree. The bill specifies contribution limits, age restrictions, and income limits that apply to beneficiaries of the accounts. Accounts that meet the requirements are eligible to receive certain federal matching funds for contributions made by the beneficiary or an employer.

Tracking Information

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Title

Lifelong Learning and Training Account Act of 2019

Sponsors


History

DateChamberAction
2019-07-25HouseReferred to the House Committee on Ways and Means.
2019-07-25HouseIntroduced in House

Same As/Similar To

SB539 (Same As) 2019-02-25 - Read twice and referred to the Committee on Finance.

Subjects


US Congress State Sources


Bill Comments

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