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Education Savings Accounts for Military Families Act of 2023

USA118th CongressS-60| Senate 
| Updated: 1/24/2023
Ted Cruz

Ted Cruz

Republican Senator

Texas

Cosponsors (2)
Mike Braun (Republican)Tim Scott (Republican)

Finance Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
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.
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Timeline

Bill from Previous Congress

S 116-695
Education Savings Accounts for Military Families Act of 2019

Bill from Previous Congress

S 117-2165
Education Savings Accounts for Military Families Act of 2021
Jan 24, 2023

Latest Companion Bill Action

HR 118-452
Introduced in House
Jan 24, 2023
Introduced in Senate
Jan 24, 2023
Read twice and referred to the Committee on Finance.
  • Bill from Previous Congress

    S 116-695
    Education Savings Accounts for Military Families Act of 2019


  • Bill from Previous Congress

    S 117-2165
    Education Savings Accounts for Military Families Act of 2021


  • January 24, 2023

    Latest Companion Bill Action

    HR 118-452
    Introduced in House


  • January 24, 2023
    Introduced in Senate


  • January 24, 2023
    Read twice and referred to the Committee on Finance.

Education

Related Bills

  • HR 118-452: Education Savings Accounts for Military Families Act of 2023
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 2023

USA118th CongressS-60| Senate 
| Updated: 1/24/2023
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.
View Full Text

Suggested Questions

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

Timeline

Bill from Previous Congress

S 116-695
Education Savings Accounts for Military Families Act of 2019

Bill from Previous Congress

S 117-2165
Education Savings Accounts for Military Families Act of 2021
Jan 24, 2023

Latest Companion Bill Action

HR 118-452
Introduced in House
Jan 24, 2023
Introduced in Senate
Jan 24, 2023
Read twice and referred to the Committee on Finance.
  • Bill from Previous Congress

    S 116-695
    Education Savings Accounts for Military Families Act of 2019


  • Bill from Previous Congress

    S 117-2165
    Education Savings Accounts for Military Families Act of 2021


  • January 24, 2023

    Latest Companion Bill Action

    HR 118-452
    Introduced in House


  • January 24, 2023
    Introduced in Senate


  • January 24, 2023
    Read twice and referred to the Committee on Finance.
Ted Cruz

Ted Cruz

Republican Senator

Texas

Cosponsors (2)
Mike Braun (Republican)Tim Scott (Republican)

Finance Committee

Education

Related Bills

  • HR 118-452: Education Savings Accounts for Military Families Act of 2023
  • 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