Skip to main content
HR 1242 117th Congress House Taxation Bank accounts, deposits, capital Employment and training programs Higher education Income tax credits Income tax deductions Income tax deferral Student aid and college costs Vocational and technical education Youth employment and child labor

Skills Investment Act of 2021

Introduced: July 19, 2021 See on congress.gov
Sign in to write a letter Sign in to watch
This bill died when the 117th Congress ended
It never became law before the 117th Congress (2021–2022) 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 23, 2021
Referred to the House Committee on Ways and Means.
Feb 23, 2021
Introduced in House
 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

Skills Investment Act of 2021

This bill expands tax-favored Coverdell education savings accounts to allow the accounts to be used for educational or skill development expenses such as training services, career and technical education activities, career services, youth workforce investment activities, and adult education and literacy activities.

The bill also

  • renames the accounts Coverdell lifelong learning accounts,
  • increases contribution limits,
  • modifies the age-based contribution restrictions,
  • allows a tax credit for a portion of an employer's contributions to an employee's account, and
  • allows beneficiaries to deduct contributions made by or on behalf of the beneficiary.
What's happening now February 23, 2021

Referred to the House Committee on Ways and Means.

 Related & companion bills 1
  • S 131 Identical bill Skills Investment Act of 2021
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 4
All 4 Democratic 1 Republican 2
D
Sherman, Brad
California · Jul 5, 2022
Rice, Tom
· Jul 19, 2021
 R
Moore, Blake D.
Utah · May 28, 2021
 R
Thompson, Glenn
Pennsylvania · Feb 23, 2021
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 1242: Skills Investment Act of 2021. 117th Congress. Open America. https://openamerica.io/bill/117-HR-1242/
MLA
"H.R. 1242: Skills Investment Act of 2021." 117th Congress, 2026, Open America, https://openamerica.io/bill/117-HR-1242/.
Bluebook (legal)
H.R. 1242, 117th Cong. (2026), https://openamerica.io/bill/117-HR-1242/.
Markdown link
[H.R. 1242: Skills Investment Act of 2021](https://openamerica.io/bill/117-HR-1242/)
Report a problem