3.0.0 4017 2022-11-01T13:50:22Z 2022-11-01T13:50:22Z House HR 2019-07-25 116 [Congressional Record Volume 165, Number 126 (Thursday, July 25, 2019)][House]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Ms. DelBENE:H.R. 4017.Congress has the power to enact this legislation pursuantto the following:Article I Section 8[Page H7469]]]> hswm00 Ways and Means Committee House Standing Referred to 2019-07-25T14:01:00Z Lifelong Learning and Training Account Act of 2019 116 539 S 2019-02-25 Read twice and referred to the Committee on Finance. Identical bill CRS 2019-07-25 Referred to the House Committee on Ways and Means. IntroReferral H11100 2 House floor actions hswm00 Ways and Means Committee 2019-07-25 Introduced in House IntroReferral Intro-H 9 Library of Congress 2019-07-25 Introduced in House IntroReferral 1000 9 Library of Congress D000617 Rep. DelBene, Suzan K. [D-WA-1] Suzan DelBene D WA K. 1 N S001185 Rep. Sewell, Terri A. [D-AL-7] Terri Sewell D AL A. 7 2019-07-25 True Taxation Bank accounts, deposits, capital Education programs funding Employee benefits and pensions Higher education Income tax exclusion Licensing and registrations Vocational and technical education Taxation 00 2019-07-25 Introduced in House 2019-09-17T14:35:18Z Lifelong Learning and Training Account Act of 2019

This bill establishes tax-exempt savings accounts that may be used to pay for training expenses and will be managed by state programs known as Lifelong Learning and Training Account programs.

Tax-exempt distributions from an account may be used for training that results in a recognized postsecondary credential, such as an industry-recognized certificate or certification, a license recognized by the federal government or a state, or an associate or baccalaureate degree.

The bill specifies contribution limits, age restrictions, and income limits that apply to beneficiaries of the accounts. Accounts that meet the requirements are eligible to receive certain federal matching funds for contributions made by the beneficiary or an employer.

]]> Lifelong Learning and Training Account Act of 2019 Display Title Lifelong Learning and Training Account Act of 2019 Official Title as Introduced To amend the Internal Revenue Code of 1986 to establish Lifelong Learning and Training Account programs. Introduced in House IH Short Title(s) as Introduced Lifelong Learning and Training Account Act of 2019 Introduced in House IH Introduced in House 2019-07-25T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-116hr4017ih/xml/BILLS-116hr4017ih.xml 2019-07-25 Referred to the House Committee on Ways and Means. 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.