[Congressional Bills 115th Congress]
[From the U.S. Government Publishing Office]
[H.R. 4794 Introduced in House (IH)]

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115th CONGRESS
  2d Session
                                H. R. 4794

To amend the Internal Revenue Code of 1986 to permit unborn children to 
  be account beneficiaries of section 529 education savings accounts.


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                    IN THE HOUSE OF REPRESENTATIVES

                            January 16, 2018

  Mrs. Noem introduced the following bill; which was referred to the 
                      Committee on Ways and Means

_______________________________________________________________________

                                 A BILL


 
To amend the Internal Revenue Code of 1986 to permit unborn children to 
  be account beneficiaries of section 529 education savings accounts.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Investing for Tomorrow Act''.

SEC. 2. UNBORN CHILDREN PERMITTED TO BE ACCOUNT BENEFICIARIES OF 
              SECTION 529 EDUCATION SAVINGS ACCOUNTS.

    (a) In General.--Section 529(e) of the Internal Revenue Code of 
1986 is amended by adding at the end the following new paragraph:
            ``(6) Treatment of unborn children.--
                    ``(A) In general.--Nothing shall prevent an unborn 
                child from being treated as a designated beneficiary or 
                an individual under this section.
                    ``(B) Unborn child.--For purposes of this 
                paragraph--
                            ``(i) In general.--The term `unborn child' 
                        means a child in utero.
                            ``(ii) Child in utero.--The term `child in 
                        utero' means a member of the species homo 
                        sapiens, at any stage of development, who is 
                        carried in the womb.''.
    (b) Effective Date.--The amendment made by this section shall apply 
to contributions made after the date of the enactment of this Act.
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