A picture of Representative Lynn Jenkins
Lynn J.
Republican KS 2

About Rep. Lynn
  • Modernizing 529 Savings Plans

    by Representative Lynn Jenkins

    Posted on 2015-01-27

    submit to reddit

    JENKINS of Kansas asked and was given permission to address the House for 1 minute and to revise and extend her remarks.) Ms. JENKINS of Kansas. Mr. Speaker, I rise today in support of H.R. 529, a bill that Congressman Kind of Wisconsin and I introduced to make sensible enhancements to 529 college savings plans.



    The 529 plans enjoy growing popularity, primarily with middle class families who are looking for ways to responsibly prepare for the growing cost of college. The 12 million 529 accountholders across the country are able to choose a plan whose funds will then grow and be withdrawn tax free to pay for college expenses such as tuition or room and board.

    H.R. 529 will make several technical changes to 529 plans that will allow students to purchase a computer using their 529 funds, remove the unnecessary distribution aggregation requirements from the accounts, and allow 529 funds to be redeposited if the student withdraws from college. These modernizations will allow 529 plans to help families get the most out of their savings.

    I ask my colleagues to join me in this effort.

    ____________________

  • submit to reddit
  • Register your constituent account to respond

    Constituent Register