Education Savings Accounts for Military Families Act of 2025
- Last Action
- 4/1/2025
Actions
- 2025-04-01Read twice and referred to the Committee on Finance.
- 2025-04-01Introduced in Senate
CRS Summary
As of 2025-04-01 (00)
Education Savings Accounts for Military Families Act of 2025
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 private secondary school or institution of higher education, private tutoring, or costs associated with an apprenticeship or other vocational training program.
Cosponsors (2)
- Jim Banks (R-IN)
- Ted Budd (R-NC)
Sourced from Congress.gov (public domain).
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