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S 4023 117th Congress Senate Taxation

Lifelong Learning and Training Account Act of 2021

Introduced: April 7, 2022 Introduced by: Warner, Mark R. Democratic · Virginia See on congress.gov
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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
Apr 7, 2022
Read twice and referred to the Committee on Finance.
Apr 7, 2022
Introduced in Senate
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 Plain-English summary Congressional Research Service

Lifelong Learning and Training Account Act of 2021

This bill establishes tax-exempt savings accounts that may be used to pay for training expenses and will be managed by state programs known as Lifelong Learning and Training Account programs.

Tax-exempt distributions from an account may be used for training that results in a recognized postsecondary credential, such as an industry-recognized certificate or certification, a license recognized by the federal government or a state, or an associate or baccalaureate degree.

The bill specifies contribution limits, age restrictions, and income limits that apply to beneficiaries of the accounts. Accounts that meet the requirements are eligible to receive certain federal matching funds for contributions made by the beneficiary or an employer.

What's happening now April 7, 2022

Read twice and referred to the Committee on Finance.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 1
All 1 Democratic 1
D
Coons, Christopher A.
Delaware · Apr 7, 2022
Cite this page click to expand
APA
U.S. Congress. (2026). S. 4023: Lifelong Learning and Training Account Act of 2021. 117th Congress. Open America. https://openamerica.io/bill/117-S-4023/
MLA
"S. 4023: Lifelong Learning and Training Account Act of 2021." 117th Congress, 2026, Open America, https://openamerica.io/bill/117-S-4023/.
Bluebook (legal)
S. 4023, 117th Cong. (2026), https://openamerica.io/bill/117-S-4023/.
Markdown link
[S. 4023: Lifelong Learning and Training Account Act of 2021](https://openamerica.io/bill/117-S-4023/)
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