Comstock Votes For 529 College Saving Plans

Press Release

Congresswoman Barbara Comstock (R-VA) issued the following statement on the bipartisan passage of H.R. 529, which amends the Internal Revenue Code to expand, strengthen, and modernize 529 college savings accounts:

"Our country's future is only as strong as the next generation. Nearly 12 million parents use tax-free college savings accounts - known as 529 plans. What the House voted on today will strengthen those plans so hard-working parents can have a piece of mind when it comes to educating their children. One of my constituents has said about the 529 plans: "My wife and I have a beautiful 2 year old daughter. It may seem early, but we've already started putting away money for her college education. With its tax benefits and low cost investment options, the Virginia 529 invest program was the obvious way to start saving.' I am glad the House acted today so we can help millions of families plan on educating the next generation."

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