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Politiparty

118th Congress Education

S. 60: Education Savings Accounts for Military Families Act of 2023

Introduced

  1. Introduced (completed)Jan 24, 2023
  2. Passed Senate (not reached)
  3. Passed House (not reached)
  4. To the President (not reached)
  5. Became law (not reached)

Summary

Introduced in Senate, Jan 24, 2023

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.

Written by the Congressional Research Service, Library of Congress.

Roll calls

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Amendments

0 offered

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Cosponsors

2

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Other bills by Ted Cruz

History

  1. Jan 24, 2023Introduced in the Senate by Ted Cruz.
Show the full action history (2 actions)
  1. Jan 24, 2023Introduced in Senate
  2. Jan 24, 2023Read twice and referred to the Committee on Finance.