US Congress House Bill 529 (Prior Session Legislation)

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Spectrum: Moderate Partisan Bill (Republican 31-8)
Status: Engrossed on February 26 2015 - 50% progression, died in committee
Action: 2015-04-16 - Read twice and referred to the Committee on Finance.
Pending: Senate Finance Committee
Text: Latest bill text (Engrossed) [PDF]

To amend the Internal Revenue Code of 1986 to improve 529 plans. This bill makes changes to the rules for qualified tuition programs (known as 529 plans). (Sec. 2) The Internal Revenue Code is amended to allow payments from 529 plans for the purchase of computer or peripheral equipment, computer software, or Internet access and related services to be used primarily by a 529 plan beneficiary while enrolled in an eligible educational institution. (Sec. 3) The requirement that distributions from a 529 plan be aggregated for purposes of determining the amount includible in a taxpayer's income is eliminated. (Sec. 4) Students who receive a refund from an eligible educational institution can recontribute such refund to a 529 plan without tax consequences if the recontribution is made not later than 60 days after the date of such refund and does not exceed the refunded amount.

To amend the Internal Revenue Code of 1986 to improve 529 plans.

Rep. Lynn Jenkins [R-KS]	Rep. Ron Kind [D-WI]	Rep. Erik Paulsen [R-MN]	Rep. Christopher Gibson [R-NY]
Rep. Mike Kelly [R-PA]	Rep. Marlin Stutzman [R-IN]	Rep. Paul Cook [R-CA]	Rep. Michael Fitzpatrick [R-PA]
Rep. Kenny Marchant [R-TX]	Rep. Bruce Poliquin [R-ME]	Rep. Bill Huizenga [R-MI]	Rep. Bradley Byrne [R-AL]
Rep. Mark Amodei [R-NV]	Rep. Dan Benishek [R-MI]	Rep. John Kline [R-MN]	Sen. Todd Young [R-IN]
Rep. Bob Goodlatte [R-VA]	Rep. Patrick Meehan [R-PA]	Rep. Bruce Westerman [R-AR]	Rep. Scott Peters [D-CA]
Rep. French Hill [R-AR]	Rep. Gwen Graham [D-FL]	Rep. Ann Kuster [D-NH]	Rep. Randy Forbes [R-VA]
Rep. Joseph Heck [R-NV]	Rep. Ami Bera [D-CA]	Rep. Ted Poe [R-TX]	Rep. Devin Nunes [R-CA]
Rep. Rod Blum [R-IA]	Rep. Gerald Connolly [D-VA]	Rep. Stephen Fincher [R-TN]	Rep. Peter Roskam [R-IL]
Rep. Sam Johnson [R-TX]	Rep. Glenn Grothman [R-WI]	Rep. Robert Latta [R-OH]	Rep. Mike Thompson [D-CA]
Rep. Pete Sessions [R-TX]	Rep. James Himes [D-CT]	Rep. Jason Smith [R-MO]

2015-02-25 - House - On Passage (Y: 401 N: 20 NV: 11 Abs: 0) [PASS]
2015-02-25 - House - On Motion to Recommit with Instructions (Y: 176 N: 243 NV: 13 Abs: 0) [FAIL]

Date	Chamber	Action
2015-04-16	Senate	Read twice and referred to the Committee on Finance.
2015-02-26	Senate	Received in the Senate.
2015-02-25	House	Motion to reconsider laid on the table Agreed to without objection.
2015-02-25	House	On passage Passed by recorded vote: 401 - 20 (Roll no. 90). (text: CR H1135-1136)
2015-02-25	House	On motion to recommit with instructions Failed by the Yeas and Nays: 176 - 243 (Roll no. 89).
2015-02-25	House	The previous question on the motion to recommit with instructions was ordered without objection. (consideration: CR H1140)
2015-02-25	House	DEBATE - The House proceeded with 10 minutes of debate on the Ted Lieu motion to recommit with instructions pending a reservation of a point of order. The instructions contained in the motion seek to require the bill to be reported back to the House with an amendment adding new sections on parents' right to know cost of brokerage fees and impact on long-term savings and rates of return and low fees. Subsequently, the reservation was removed.
2015-02-25	House	Mr. Lieu, Ted moved to recommit with instructions to the Committee on Ways and Means. (consideration: CR H1139-1141; text: CR H1139-1140)
2015-02-25	House	DEBATE - The House proceeded with one hour of debate on H.R. 529.
2015-02-25	House	Rule provides for consideration of H.R. 529 and H.R. 5. Provides for one hour of debate, waives all points of order against consideration of the bills. Section 1 of the resolution provides that the amendment in the nature of a substitute printed in the bill shall be considered as adopted and the bill, as amended shall be considered read. The resolution provides one motion to recommit with or without instructions. Section 2 provides that no further consideration of H.R. 5 shall be in order except pursuant to a subsequent order of the House. Section 3 waives the requirement of clause 6(a) of rule XIII for a two-thirds vote to consider a report from the Committee on Rules on the same day it is presented to the House with respect to any resolution reported through the legislative day of March 2, 2015, relating to a measure making continuing appropriations for the Department of Homeland Security for the fiscal year ending September 30, 2015. Section 4 provides that it shall be in order at any time through the calendar day of March 1, 2015, for the Speaker to entertain motions that the House suspend the rules as though under clause 1 of rule XV, relating to a measure making or continuing appropriations for the Department of Homeland Security for the fiscal year ending September 30, 2015.
2015-02-25	House	Considered under the provisions of rule H. Res. 121. (consideration: CR H1135-1142)
2015-02-24	House	Rules Committee Resolution H. Res. 121 Reported to House. Rule provides for consideration of H.R. 529 and H.R. 5. Provides for one hour of debate, waives all points of order against consideration of the bills. Section 1 of the resolution provides that the amendment in the nature of a substitute printed in the bill shall be considered as adopted and the bill, as amended shall be considered read. The resolution provides one motion to recommit with or without instructions. Section 2 provides that no further consideration of H.R. 5 shall be in order except pursuant to a subsequent order of the House. Section 3 waives the requirement of clause 6(a) of rule XIII for a two-thirds vote to consider a report from the Committee on Rules on the same day it is presented to the House with respect to any resolution reported through the legislative day of March 2, 2015, relating to a measure making continuing appropriations for the Department of Homeland Security for the fiscal year
2015-02-20	House	Placed on the Union Calendar, Calendar No. 17.
2015-02-20	House	Reported (Amended) by the Committee on Ways and Means. H. Rept. 114-25.
2015-02-12	House	Ordered to be Reported (Amended) by Voice Vote.
2015-02-12	House	Committee Consideration and Mark-up Session Held.
2015-01-26	House	Referred to the House Committee on Ways and Means.
2015-01-26	House	Introduced in House

SB335 (Same As) 2015-05-21 - Placed on Senate Legislative Calendar under General Orders. Calendar No. 97.
HR121 (Related) 2015-02-25 - Motion to reconsider laid on the table Agreed to without objection.

Type	Source
Summary	https://www.congress.gov/bill/114th-congress/house-bill/529/all-info
Text	https://www.congress.gov/114/bills/hr529/BILLS-114hr529ih.pdf
Text	https://www.congress.gov/114/bills/hr529/BILLS-114hr529rh.pdf
Text	https://www.congress.gov/114/bills/hr529/BILLS-114hr529eh.pdf
Roll Call	https://clerk.house.gov/Votes/201589
Roll Call	https://clerk.house.gov/Votes/201590