[Congressional Record Volume 144, Number 79 (Wednesday, June 17, 1998)]
[House]
[Page H4640]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




                         EDUCATION SAVINGS ACT

  (Ms. DUNN asked and was given permission to address the House for 1 
minute.)
  Ms. DUNN. Mr. Speaker, I rise today to urge my colleagues to support 
the Education Savings Act Conference Report.
  I encourage the adoption of this legislation for a number of reasons. 
It helps families choose the best schools possible at all levels of 
education by providing families with much needed education-related tax 
relief.
  Not only does this bill create opportunities for families to save 
their hard-earned dollars and receive interest tax-free for costs 
associated with K through 12 education, but it also makes higher 
education more affordable by offering favorable tax treatment for 
prepaid tuition plans.
  This bill encourages families to invest in their children's future. 
One of the provisions which the gentlewoman from Texas (Ms. Granger) 
and I have worked on in this bill enables families with school-aged 
children to save money tax-free for future college expenses through 
plans established by private institutions. Today, more than 50 
independent colleges and universities have joined together to offer 
families prepaid tuitions at numerous institutions.
  I hope my colleagues will look at this legislation and support it 
later today.

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