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Education Savings Accounts for Military Families Act of 2019

USA116th CongressS-695| Senate 
| Updated: 3/7/2019
Ben Sasse

Ben Sasse

Republican Senator

Nebraska

Cosponsors (8)
Rick Scott (Republican)Mike Braun (Republican)Marsha Blackburn (Republican)Tom Cotton (Republican)Kelly Loeffler (Republican)Ted Cruz (Republican)Tim Scott (Republican)John Kennedy (Republican)

Finance Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Education Savings Accounts for Military Families Act of 2019 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 shall 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, among other things, 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.
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Timeline
Mar 7, 2019

Latest Companion Bill Action

HR 116-1605
Introduced in House
Mar 7, 2019
Introduced in Senate
Mar 7, 2019
Read twice and referred to the Committee on Finance.
  • March 7, 2019

    Latest Companion Bill Action

    HR 116-1605
    Introduced in House


  • March 7, 2019
    Introduced in Senate


  • March 7, 2019
    Read twice and referred to the Committee on Finance.

Education

Related Bills

  • HR 116-1605: Education Savings Accounts for Military Families Act of 2019
Bank accounts, deposits, capitalEducation programs fundingElementary and secondary educationIncome tax exclusionMilitary personnel and dependentsStudent aid and college costs

Education Savings Accounts for Military Families Act of 2019

USA116th CongressS-695| Senate 
| Updated: 3/7/2019
Education Savings Accounts for Military Families Act of 2019 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 shall 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, among other things, 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.
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline
Mar 7, 2019

Latest Companion Bill Action

HR 116-1605
Introduced in House
Mar 7, 2019
Introduced in Senate
Mar 7, 2019
Read twice and referred to the Committee on Finance.
  • March 7, 2019

    Latest Companion Bill Action

    HR 116-1605
    Introduced in House


  • March 7, 2019
    Introduced in Senate


  • March 7, 2019
    Read twice and referred to the Committee on Finance.
Ben Sasse

Ben Sasse

Republican Senator

Nebraska

Cosponsors (8)
Rick Scott (Republican)Mike Braun (Republican)Marsha Blackburn (Republican)Tom Cotton (Republican)Kelly Loeffler (Republican)Ted Cruz (Republican)Tim Scott (Republican)John Kennedy (Republican)

Finance Committee

Education

Related Bills

  • HR 116-1605: Education Savings Accounts for Military Families Act of 2019
  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Bank accounts, deposits, capitalEducation programs fundingElementary and secondary educationIncome tax exclusionMilitary personnel and dependentsStudent aid and college costs