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    <introducedDate>2023-12-14</introducedDate>
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        <title>ACE Act</title>
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          <actionDate>2023-12-14</actionDate>
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          <actionDate>2023-10-25</actionDate>
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        <title>Student Empowerment Act</title>
        <congress>118</congress>
        <number>57</number>
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          <actionDate>2023-01-24</actionDate>
          <text>Read twice and referred to the Committee on Finance.</text>
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        <fullName>Sen. Lee, Mike [R-UT]</fullName>
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        <fullName>Sen. Scott, Tim [R-SC]</fullName>
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        <lastName>Scott</lastName>
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        <sponsorshipDate>2023-12-14</sponsorshipDate>
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        <fullName>Sen. Braun, Mike [R-IN]</fullName>
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        <lastName>Braun</lastName>
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        <state>IN</state>
        <sponsorshipDate>2024-01-17</sponsorshipDate>
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        <fullName>Sen. Hyde-Smith, Cindy [R-MS]</fullName>
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        <middleName>S.</middleName>
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        <fullName>Sen. Budd, Ted [R-NC]</fullName>
        <firstName>Ted</firstName>
        <lastName>Budd</lastName>
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        <state>NC</state>
        <sponsorshipDate>2024-01-22</sponsorshipDate>
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        <actionDesc>Introduced in Senate</actionDesc>
        <updateDate>2024-09-18T20:47:25Z</updateDate>
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          <text>&lt;p&gt;&lt;strong&gt;Achieving Choice in Education Act or the ACE Act&lt;/strong&gt;&lt;/p&gt;&lt;p&gt;This bill modifies provisions of qualified tuition programs (i.e., 529 plans) and provides other tax incentives to promote education.&lt;/p&gt;&lt;p&gt;Specifically, the bill expands the definition of &lt;em&gt;qualified higher education expense&lt;/em&gt; to include tuition, books or instructional material, fees, and educational therapies for disabled students. It also increases to $20,000 the limitation on distributions from 529 plans for elementary and secondary school expenses.&amp;nbsp;&lt;/p&gt;&lt;p&gt;Further, the bill provides for an increased gift tax exclusion for contributions to 529 plans and limits tax-exempt bond financing to states that implement school choice laws.&amp;nbsp;&lt;/p&gt;</text>
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    <title>ACE Act</title>
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        <title>Achieving Choice in Education Act</title>
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        <title>A bill to amend the Internal Revenue Code of 1986 to provide incentives for education.</title>
        <updateDate>2024-01-11T01:43:58Z</updateDate>
        <billTextVersionName>Introduced in Senate</billTextVersionName>
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        <date>2023-12-14T05:00:00Z</date>
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    <latestAction>
      <actionDate>2023-12-14</actionDate>
      <text>Read twice and referred to the Committee on Finance.</text>
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    <dc:rights>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.</dc:rights>
    <dc:contributor>Congressional Research Service, Library of Congress</dc:contributor>
    <dc:description>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.</dc:description>
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