S 695 116th Congress Senate Education Bank accounts, deposits, capital Education programs funding Elementary and secondary education Income tax exclusion Military personnel and dependents Student aid and college costs

Education Savings Accounts for Military Families Act of 2019

Introduced: March 7, 2019 See on congress.gov

Everywhere this bill has been 2 steps

Introduced

In committee

Reported out

Passed House

Passed Senate

To President

Became law

Mar 7, 2019

Read twice and referred to the Committee on Finance.

Mar 7, 2019

Introduced in Senate

Plain-English summary Congressional Research Service

Education Savings Accounts for Military Families Act of 2019

This bill directs the Department of Education (ED) to establish a program to provide children with parents on active duty in the uniformed services with funds to pay educational expenses.

Specifically, ED shall establish a tax-exempt Military Education Savings Account for dependent children of parents in the uniformed services for the payment of the children's educational expenses. Funds in the savings account may be used for, among other things, the cost of attendance at a private elementary or secondary school or institution of higher education, private tutoring, or costs associated with an apprenticeship or other vocational training program.

What's happening now March 7, 2019

Read twice and referred to the Committee on Finance.

Committees of jurisdiction 1