HR 499 117th Congress House 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 2021

Introduced: January 28, 2021 Introduced by: Banks, Jim Republican · Indiana See on congress.gov

Everywhere this bill has been 3 steps

Introduced

In committee

Reported out

Passed House

Passed Senate

To President

Became law

Jan 28, 2021

Referred to the Subcommittee on Worker and Family Support.

Jan 28, 2021

Referred to the Committee on Education and Labor, and in addition to the Committees on Ways and Means, and Appropriations, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

Jan 28, 2021

Introduced in House

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Plain-English summary Congressional Research Service

Education Savings Accounts for Military Families Act of 2021

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 must 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 specified purposes, including 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 January 28, 2021

Referred to the Subcommittee on Worker and Family Support.

Related & companion bills 1

Bill text 1 version

Introduced in House Formatted Text PDF Formatted XML

Source documents hosted by congress.gov.

Committees of jurisdiction 4

Appropriations Committee
House of Representatives
Education and Workforce Committee
House of Representatives
Ways and Means Committee
House of Representatives
Work and Welfare Subcommittee
House of Representatives · subcommittee of Ways and Means Committee

Cosponsors 26

Lesko, Debbie

· Jun 28, 2022

Malliotakis, Nicole

New York · Jun 28, 2021

Guthrie, Brett

Kentucky · May 7, 2021

Schweikert, David

Arizona · Feb 24, 2021

Emmer, Tom

Minnesota · Feb 23, 2021

Barr, Andy

Kentucky · Feb 18, 2021

Carter, John R.

Texas · Feb 18, 2021

Mast, Brian J.

Florida · Feb 18, 2021

Missouri · Feb 1, 2021

Baird, James R.

Indiana · Jan 28, 2021

Tennessee · Jan 28, 2021

West Virginia · Jan 28, 2021

Norman, Ralph

South Carolina · Jan 28, 2021

Virginia · Jan 28, 2021

Cite this page click to expand

APA

U.S. Congress. (2026). H.R. 499: Education Savings Accounts for Military Families Act of 2021. 117th Congress. Open America. https://openamerica.io/bill/117-HR-499/

MLA

"H.R. 499: Education Savings Accounts for Military Families Act of 2021." 117th Congress, 2026, Open America, https://openamerica.io/bill/117-HR-499/.

Bluebook (legal)

H.R. 499, 117th Cong. (2026), https://openamerica.io/bill/117-HR-499/.

Markdown link

[H.R. 499: Education Savings Accounts for Military Families Act of 2021](https://openamerica.io/bill/117-HR-499/)