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HR 553 114th Congress House

To amend the Internal Revenue Code of 1986 to encourage the use of 529 plans and Coverdell education savings accounts, and for other purposes.

Introduced: January 27, 2015 See on congress.gov
Taxation Elementary and secondary educationHigher educationIncome tax exclusionPreschool educationStudent aid and college costs
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This bill died when the 114th Congress ended
It never became law before the 114th Congress (2015–2016) 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 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jan 27, 2015
Referred to the House Committee on Ways and Means.
Jan 27, 2015
Introduced in House
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 Latest action January 27, 2015

Referred to the House Committee on Ways and Means.

 Plain-English summary Congressional Research Service

Amends the Internal Revenue Code to: (1) allow payment of home school expenses from Coverdell education savings accounts; (2) remove the dollar limitation on contributions to Coverdell education savings accounts and require such accounts to provide adequate safeguards to prevent contributions from exceeding the amount necessary to provide for the qualified education expenses of the account beneficiary; and (3) allow tax-exempt qualified tuition programs (529 tuition programs) to pay qualified pre-kindergarten, elementary, and secondary education expenses.

 Related & companion bills 2
  • S 306 Related bill Enhancing Educational Opportunities for all Students Act
  • HR 554 Related bill Enhancing Educational Opportunities for all Students Act
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
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APA
U.S. Congress. (2026). H.R. 553: To amend the Internal Revenue Code of 1986 to encourage the use of 529 plans and Coverdell education savings accounts, and for other purposes.. 114th Congress. Open America. https://openamerica.io/bill/114-HR-553/
MLA
"H.R. 553: To amend the Internal Revenue Code of 1986 to encourage the use of 529 plans and Coverdell education savings accounts, and for other purposes.." 114th Congress, 2026, Open America, https://openamerica.io/bill/114-HR-553/.
Bluebook (legal)
H.R. 553, 114th Cong. (2026), https://openamerica.io/bill/114-HR-553/.
Markdown link
[H.R. 553: To amend the Internal Revenue Code of 1986 to encourage the use of 529 plans and Coverdell education savings accounts, and for other purposes.](https://openamerica.io/bill/114-HR-553/)
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