Cosponsors Growing for Critical 529 Expansion Bill

The bipartisan, bicameral Freedom to Invest in Tomorrow’s Workforce Act is now up to 70 cosponsors in the House of Representatives – up from zero when the bill was introduced in March.

Forty-five Republicans and 25 Democrats support the beneficial workforce policy, which would expand qualified expenses under 529 savings plans to include postsecondary training and credentialing, such as licenses and professional certifications. The bill would provide valuable tax-advantaged resources for families, students and workers—with or without a college degree—who pursue career growth, mid-career changes or pathways that diverge from a typical academic route.

ASAE and its partner, the Professional Certification Coalition, lead the Tomorrow’s Workforce Coalition and its 670 member organizations to help advocate for the legislation. Organizations can still join the Tomorrow’s Workforce Coalition: https://asaecenter.formstack.com/forms/tomorrowsworkforce.