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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: December 17, 2020 See on congress.gov
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This bill died when the 116th Congress ended
It never became law before the 116th Congress (2019–2020) 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
Mar 7, 2019
Read twice and referred to the Committee on Finance.
Mar 7, 2019
Introduced in Senate
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 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.

 Related & companion bills 1
  • HR 1605 Related bill Education Savings Accounts for Military Families Act of 2019
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 6
All 6 Republican 6
R
Kennedy, John
Louisiana · Dec 17, 2020
 R
Cruz, Ted
Texas · Jun 19, 2019
 R
Scott, Rick
Florida · Jun 13, 2019
 R
Blackburn, Marsha
Tennessee · Mar 28, 2019
 R
Cotton, Tom
Arkansas · Mar 7, 2019
 R
Scott, Tim
South Carolina · Mar 7, 2019
Cite this page click to expand
APA
U.S. Congress. (2026). S. 695: Education Savings Accounts for Military Families Act of 2019. 116th Congress. Open America. https://openamerica.io/bill/116-S-695/
MLA
"S. 695: Education Savings Accounts for Military Families Act of 2019." 116th Congress, 2026, Open America, https://openamerica.io/bill/116-S-695/.
Bluebook (legal)
S. 695, 116th Cong. (2026), https://openamerica.io/bill/116-S-695/.
Markdown link
[S. 695: Education Savings Accounts for Military Families Act of 2019](https://openamerica.io/bill/116-S-695/)
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