H.R. 529 Passes House With Nearly Unanimous Support

Statement

Today, the House of Representatives passed Congresswoman Lynn Jenkins (R-KS) and Congressman Ron Kind's (D-WI) legislation, H.R. 529 with a veto-proof majority of 401-20. This legislation would expand, modernize, and strengthen tax-free 529 college savings plans to help more Americans save for their children's education.

"This is a good, sensible bill to improve a critical college savings tool to help more hardworking Kansans and Americans save for their children's education," said Rep. Jenkins. "I'm pleased H.R. 529 passed with overwhelming support and I encourage my colleagues in the Senate to quickly approve this legislation. Today we sent a clear message to all families that Congress supports 529s, will keep them tax-free, and will work together to strengthen them so parents can secure a better future for their children.

"I am pleased to see the House pass this commonsense, bipartisan legislation that will help keep college affordable for families in Wisconsin and across the nation," said Rep. Kind. "With 14 colleges and universities across western and central Wisconsin, I know the importance of saving in advance for higher education. With rising tuition costs and the growing crisis of student loan debt, we need to do everything we can to help students attend college so they can compete in the global marketplace."

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