Skip to main content
S 335 107th Congress Senate Taxation College costs Colleges Education Education savings accounts Families Finance and Financial Sector Financial statements Government Operations and Politics Government paperwork Higher education Housing and Community Development Income tax Law Personal income tax Securities regulation Student housing Tax exclusion Trusts and trustees Tuition tax credits

Setting Aside for a Valuable Education (SAVE) Act

Introduced: February 14, 2001 Introduced by: McConnell, Mitch Republican · Kentucky See on congress.gov
Sign in to write a letter Sign in to watch
This bill died when the 107th Congress ended
It never became law before the 107th Congress (2001–2002) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Feb 14, 2001
Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S1418-1419)
Feb 14, 2001
Sponsor introductory remarks on measure. (CR S1417-1418)
Feb 14, 2001
Introduced in Senate
 Ask about this bill AI · grounded in the bill text

Have a question about what this bill does? Ask in plain English; the answer is drawn from the bill's actual text and official record, and it'll tell you when something isn't in the text rather than guess.

AI answers can be imperfect; always confirm against the full bill text.

 Plain-English summary Congressional Research Service
Setting Aside for a Valuable Education (SAVE) Act - Amends the Internal Revenue Code to: (1) permit private higher educational institutions, in addition to currently permitted State institutions, to establish qualified tuition programs; (2) exclude from gross income program distributions used for qualified higher education expenses; (3) permit an annual rollover to a different tuition program on behalf of the same beneficiary; (4) include first cousins as a qualifying family member; and (5) revise the room and board limitation.
What's happening now February 14, 2001

Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S1418-1419)

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
Cite this page click to expand
APA
U.S. Congress. (2026). S. 335: Setting Aside for a Valuable Education (SAVE) Act. 107th Congress. Open America. https://openamerica.io/bill/107-S-335/
MLA
"S. 335: Setting Aside for a Valuable Education (SAVE) Act." 107th Congress, 2026, Open America, https://openamerica.io/bill/107-S-335/.
Bluebook (legal)
S. 335, 107th Cong. (2026), https://openamerica.io/bill/107-S-335/.
Markdown link
[S. 335: Setting Aside for a Valuable Education (SAVE) Act](https://openamerica.io/bill/107-S-335/)
Report a problem