Freedom to Invest in Tomorrow’s Workforce Act
The summary
What this bill does
Freedom to Invest in Tomorrow’s Workforce Act
This bill expands the expenses eligible for tax-free withdrawals from a qualified tuition program (known as a 529 plan) to include tuition, fees (including test fees), books, supplies, equipment, and other expenses related to the enrollment or attendance in a recognized postsecondary credentialing program.
Under the bill, a recognized postsecondary credentialing program includes certain programs identified by a state as providing training services, a program listed in the Web Enabled Approval Management System (WEAMS) maintained by the Department of Veterans Affairs, certain examinations required to obtain or maintain a credential, and other reputable credentialing programs.
Further, under the bill, such programs must be designed for an individual to obtain
- an industry-recognized postsecondary employment credential (e.g., project management professional certificate, advanced emergency medical technician certificate, and welding supervisor certificate),
- a certificate of completion of a registered and certified apprenticeship,
- an occupational or professional license issued or recognized by a state or the federal government (and any certification required for obtaining such license), or
- an associate or baccalaureate degree.
Legislative timeline
From introduction
Feb 26, 2025
Introduced & referred to committee
Congressional support
Sponsors & Cosponsors
Member of Congress · D-MN
16 cosponsors
U.S. Representative - VT · D-VT
U.S. Representative - ME · R-ME
U.S. Representative - Kansas District 1 · R-KS
U.S. Representative - AK · R-AK
Member of Congress · D-AZ
U.S. Senator - Colorado · D-CO
U.S. Representative - ME · I-ME
U.S. Representative - NC · R-NC
U.S. Senator - Missouri · R-MO
U.S. Representative - AL · R-AL
U.S. Representative - AL · R-AL
U.S. Representative - PA · D-PA
+ 4 more cosponsors
Roll-call vote
The vote, by member
The vote, by member
VERSION CHANGES
What changed,
and where.
Loading the bill text comparison.
Bill Metadata
| Congress | 119 |
| Bill Type | S |
| Bill Number | 756 |
| Origin Chamber | Senate |
| Current Status | Read twice and referred to the Committee on Finance. |
| Policy Area | Taxation |
| Primary Committee | Not assigned |
| Introduced | February 26, 2025 |
| Latest Action | February 26, 2025 |
| Cosponsors | 16 · House vote — · 1 views |
Connected legislation
Related bills
Bills linked through congressional relationship data.