3.0.0 26 2023-01-11T20:05:46Z 2023-01-11T20:05:46Z Senate S S 2007-01-04 110 ssfi00 Finance Committee Senate Standing Referred to 2007-01-04T22:33:23Z Lifelong Learning Accounts Act of 2007 110 2901 HR 2007-06-28 Referred to the House Committee on Ways and Means. Related bill CRS Lifelong Learning Accounts Act of 2008 110 6036 HR 2008-05-13 Referred to the Committee on Ways and Means, and in addition to the Committee on Education and Labor, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. Related bill CRS 2007-01-16 Sponsor introductory remarks on measure. (CR S572-573) IntroReferral B00100 9 Library of Congress 2007-01-04 ssfi00 Finance Committee Senate Read twice and referred to the Committee on Finance. IntroReferral 2007-01-04 Introduced in Senate IntroReferral 10000 9 Library of Congress C000127 Sen. Cantwell, Maria [D-WA] Maria Cantwell D WA N S000663 Sen. Snowe, Olympia J. [R-ME] Olympia Snowe R ME J. 2007-01-04 True C001035 Sen. Collins, Susan M. [R-ME] Susan Collins R ME M. 2007-03-14 False S001142 Sen. Smith, Gordon H. [R-OR] GORDON SMITH R OR H. 2008-07-07 False Taxation College costs Congress Congressional reporting requirements Education Education of the disadvantaged Education savings accounts Employee benefit plans Governmental investigations Higher education Income tax Labor and Employment Social Welfare Tax credits Tax exclusion Tax exemption Taxation 00 2007-01-04 Introduced in Senate 2007-01-31T22:14:05Z Lifelong Learning Accounts Act of 2007 - Amends the Internal Revenue Code to: (1) establish a tax-exempt lifelong learning account for the payment of certain employee higher education and training expenses; (2) allow individuals a nonrefundable tax credit for contributions to such accounts; and (3) allow employers a business-related tax credit for contributions to such accounts.

Directs the Secretary of the Treasury to study and report to Congress on such accounts and the tax credits enacted by this Act.

]]> Lifelong Learning Accounts Act of 2007 Official Title as Introduced A bill to amend the Internal Revenue Code of 1986 to establish a program demonstrating multiple approaches to Lifelong Learning Accounts, which are portable, worker-owned savings accounts that can be used by workers to help finance education, training, and apprenticeships and which are intended to supplement both public and employer-provided education and training resources, and for other purposes. Introduced in Senate IS Display Title Lifelong Learning Accounts Act of 2007 Short Titles as Introduced Lifelong Learning Accounts Act of 2007 Introduced in Senate 2007-01-04T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-110s26is/xml/BILLS-110s26is.xml 2007-01-16 Sponsor introductory remarks on measure. (CR S572-573) text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.