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S 426 118th Congress Senate Taxation

Inflation-Adjusted Education Investment Act

Introduced: February 15, 2023 Introduced by: Kennedy, John Republican · Louisiana See on congress.gov
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This bill died when the 118th Congress ended
It never became law before the 118th Congress (2023–2024) 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 15, 2023
Read twice and referred to the Committee on Finance.
Feb 15, 2023
Introduced in Senate
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 Plain-English summary Congressional Research Service

Inflation-Adjusted Education Investment Act

This bill modifies provisions relating to qualified tuition programs (i.e., tax-exempt 529 plans). Specifically, it increases from $10,000 to $12,000 the limitation under such programs on payments for educational expenses, including expenses for tuition in connection with enrollment or attendance at an elementary or secondary public, private, or religious school. The bill provides for an annual inflation adjustment to the increased limitation amount for taxable years beginning after 2023.

What's happening now February 15, 2023

Read twice and referred to the Committee on Finance.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
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APA
U.S. Congress. (2026). S. 426: Inflation-Adjusted Education Investment Act. 118th Congress. Open America. https://openamerica.io/bill/118-S-426/
MLA
"S. 426: Inflation-Adjusted Education Investment Act." 118th Congress, 2026, Open America, https://openamerica.io/bill/118-S-426/.
Bluebook (legal)
S. 426, 118th Cong. (2026), https://openamerica.io/bill/118-S-426/.
Markdown link
[S. 426: Inflation-Adjusted Education Investment Act](https://openamerica.io/bill/118-S-426/)
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