United States 119th Congress Status: In Committee Bipartisan · 9 R · 7 D · 1 I cosponsors

S 756 — Freedom to Invest in Tomorrow’s Workforce Act

Last action — Read twice and referred to the Committee on Finance.

  1. ✓
    Introduced
  2. 2
    In Committee
  3. 3
    Passed Senate
  4. 4
    Passed House
  5. 5
    To Executive
  6. 6
    Enacted

This bill is in committee in the Senate. Introduced February 26, 2025. It must pass committee before a floor vote.

Next likely step: a committee vote, then a floor vote in the Senate.

Odds of enactment

Low chance

Based on the sponsor, cosponsors, and committee posture, this bill has a low chance of becoming law.

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A statistical estimate from our own model of past outcomes — an insight, not a guarantee. Policymaking is volatile.

Prognosis

Advancing 42% · moderate confidence

  • In Committee

    Current position in the legislative process.

  • 17 sponsors

    1 primary, 16 co-sponsors signed on.

  • Bipartisan support

    Sponsored across 3 parties (9 R · 7 D · 1 I) — cross-party backing.

Based on stage, sponsorship breadth, committee status, recorded votes, and cross-state momentum — a description of the observable signals, not a prediction.

Summary

Freedom to Invest in Tomorrow’s Workforce ActThis bill expands the expenses eligible for tax-free withdrawals from a qualified tuition program (known as a 529 plan) to include tuition, fees (including test fees), books, supplies, equipment, and other expenses related to the enrollment or attendance in a recognized postsecondary credentialing program.Under the bill, a recognized postsecondary credentialing program includes certain programs identified by a state as providing training services, a program listed in the Web Enabled Approval Management System (WEAMS) maintained by the Department of Veterans Affairs, certain examinations required to obtain or maintain a credential, and other reputable credentialing programs.Further, under the bill, such programs must be designed for an individual to obtainan industry-recognized postsecondary employment credential (e.g., project management professional certificate, advanced emergency medical technician certificate, and welding supervisor certificate),a certificate of completion of a registered and certified apprenticeship,an occupational or professional license issued or recognized by a state or the federal government (and any certification required for obtaining such license), oran associate or baccalaureate degree.

Bill Text

How this bill changes current law

3 changes Share ↗

Compared against current U.S. Code AI-generated reading aid — verify against the official bill.

The bill amends the Internal Revenue Code to include certain postsecondary credentialing expenses as qualified higher education expenses for 529 accounts.

  • 29 U.S.C. 3152(d)

    an appropriate program that is included on a State list prepared under section 122(d) of the Workforce Innovation and Opportunity Act (29 U.S.C. 3152(d))

    This change allows funds from 529 accounts to be used for expenses related to recognized postsecondary credential programs listed in the state's workforce development system.

  • 29 U.S.C. 50 et seq.

    any certificate of completion of an apprenticeship that is registered and certified with the Secretary of Labor under the Act of August 16, 1937 (commonly known as the 'National Apprenticeship Act'; 50 Stat. 664, chapter 663; 29 U.S.C. 50 et seq.)

    This change includes apprenticeship completion certificates as eligible expenses for 529 accounts, expanding access to funds for vocational training.

  • The term 'qualified higher education expenses' includes qualified postsecondary credentialing expenses (as defined in subsection (f)).

    This addition specifies that certain credentialing expenses are now eligible for treatment under the 529 savings plan.

Action History

  1. Introduced in Senate

  2. Read twice and referred to the Committee on Finance.

Sponsors

Sponsorship breakdown

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1 sponsors · 16 co-sponsors · 530 not signed on

Sponsors (1)

Co-sponsors (16)

Not signed on (530)

530 members have not signed on to this bill.

Show all 530 →

"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.

Whip count is in markup. Polling the chamber and every recorded vote this session. Only the first open is slow. It’s instant for you after this. Calling the roll · Tallying · Engrossing

Subjects

taxation labor education
Cross-referencing the record. Reading this bill against every other bill in the corpus by meaning, not keywords. Only the first open is slow. It’s instant for you after this. Matching · Ranking · Engrossing

Frequently asked questions

What does S 756 do?
Freedom to Invest in Tomorrow’s Workforce ActThis bill expands the expenses eligible for tax-free withdrawals from a qualified tuition program (known as a 529 plan) to include tuition, fees (including test fees), books, supplies, equipment, and other expenses related to the enrollment or attendance in a recognized postsecondary credentialing program.Under the bill, a recognized postsecondary credentialing program includes certain programs identified by a state as providing training services, a program listed in the Web Enabled Approval Management System (WEAMS) maintained by the Department of Veterans Affairs, certain examinations required to obtain or maintain a credential, and other reputable credentialing programs.Further, under the bill, such programs must be designed for an individual to obtainan industry-recognized postsecondary employment credential (e.g., project management professional certificate, advanced emergency medical technician certificate, and welding supervisor certificate),a certificate of completion of a registered and certified apprenticeship,an occupational or professional license issued or recognized by a state or the federal government (and any certification required for obtaining such license), oran associate or baccalaureate degree.
Who sponsors S 756?
S 756 is sponsored by Klobuchar, Amy (Democratic), Marshall, Roger (Republican), Welch, Peter (Democratic), Collins, Susan M. (Republican), Hickenlooper, John W. (Democratic), Tillis, Thomas (Republican), King, Angus S., Jr. (Independent), Sullivan, Dan (Republican), Kelly, Mark (Democratic), Tuberville, Tommy (Republican), Fetterman, John (Democratic), Schmitt, Eric (Republican), Duckworth, Tammy (Democratic), Britt, Katie Boyd (Republican), Moran, Jerry (Republican), Hyde-Smith, Cindy (Republican), and Rosen, Jacky (Democratic).
What is the current status of S 756?
This bill is in committee in the Senate. Introduced February 26, 2025. It must pass committee before a floor vote.
Where can I track S 756?
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