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S 60 118th 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 2023

Introduced: January 24, 2023 Introduced by: Cruz, Ted Republican · Texas 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
Jan 24, 2023
Read twice and referred to the Committee on Finance.
Jan 24, 2023
Introduced in Senate
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 Plain-English summary Congressional Research Service

Education Savings Accounts for Military Families Act of 2023

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 24, 2023

Read twice and referred to the Committee on Finance.

 Related & companion bills 1
  • HR 452 Identical bill Education Savings Accounts for Military Families Act of 2023
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 1
All 1 Republican 1
R
Scott, Tim
South Carolina · Jan 24, 2023
Cite this page click to expand
APA
U.S. Congress. (2026). S. 60: Education Savings Accounts for Military Families Act of 2023. 118th Congress. Open America. https://openamerica.io/bill/118-S-60/
MLA
"S. 60: Education Savings Accounts for Military Families Act of 2023." 118th Congress, 2026, Open America, https://openamerica.io/bill/118-S-60/.
Bluebook (legal)
S. 60, 118th Cong. (2026), https://openamerica.io/bill/118-S-60/.
Markdown link
[S. 60: Education Savings Accounts for Military Families Act of 2023](https://openamerica.io/bill/118-S-60/)
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