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HR 701 114th Congress House

Helping Families Save for Education Act

Official title: To amend the Internal Revenue Code of 1986 to expand access to Coverdell education savings accounts.

Introduced: February 4, 2015 Introduced by: Walberg, Tim Republican · Michigan See on congress.gov
Taxation Higher educationIncome tax exclusionStudent 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
Feb 4, 2015
Referred to the House Committee on Ways and Means.
Feb 4, 2015
Introduced in House
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 Latest action February 4, 2015

Referred to the House Committee on Ways and Means.

 Plain-English summary Congressional Research Service

Helping Families Save for Education Act

Amends the Internal Revenue Code, with respect to Coverdell education savings accounts, to: (1) increase the age limit for beneficiaries of such accounts after which contributions may not be made from age 18 to age 22, and (2) increase the maximum contribution limit in any taxable year from $2,000 to $10,000.

 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. 701: Helping Families Save for Education Act. 114th Congress. Open America. https://openamerica.io/bill/114-HR-701/
MLA
"H.R. 701: Helping Families Save for Education Act." 114th Congress, 2026, Open America, https://openamerica.io/bill/114-HR-701/.
Bluebook (legal)
H.R. 701, 114th Cong. (2026), https://openamerica.io/bill/114-HR-701/.
Markdown link
[H.R. 701: Helping Families Save for Education Act](https://openamerica.io/bill/114-HR-701/)
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