Goodlatte Supports Bill to Improve 529 College Savings Plans

Statement

Congressman Bob Goodlatte released the following statement after voting in support of H.R. 529, bipartisan legislation to expand 529 college savings accounts:

"H.R. 529 helps improve the plans that millions of Americans depend on to help save for college. Many families know how difficult it can be to save for college and the thought of burdensome student loan debt can often be a deterrent to furthering one's education. These 529 plans incentivize college savings and help families plan ahead for these expenses, allowing more opportunities for those who want to go to college. H.R. 529 ensures that these plans remain tax-free, and it also helps to modernize the rules governing 529s, including allowing funds to be used for computers. I was proud to cosponsor this bill and support it in the House -- these are the kind of solutions we need to help grow opportunity."

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