[Congressional Record Volume 163, Number 194 (Wednesday, November 29, 2017)]
[Senate]
[Page S7413]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]

  SA 1608. Mr. GARDNER submitted an amendment intended to be proposed 
by him to the bill H.R. 1, to provide for reconciliation pursuant to 
titles II and V of the concurrent resolution on the budget for fiscal 
year 2018; which was ordered to lie on the table; as follows:

       At the end of part IV of subtitle A of title I, insert the 
     following:

     SEC. 11033. CONSOLIDATION OF EDUCATION SAVINGS RULES.

       (a) No New Contributions to Coverdell Education Savings 
     Account.--Section 530(b)(1)(A) is amended to read as follows:
       ``(A) Except in the case of rollover contributions, no 
     contribution will be accepted after December 31, 2017.''.
       (b) Limited Distribution Allowed for Elementary and 
     Secondary Tuition.--
       (1) In general.--Section 529(c) is amended by adding at the 
     end the following new paragraph:
       ``(7) Treatment of elementary and secondary tuition.--Any 
     reference in this subsection to the term `qualified higher 
     education expense' shall include a reference to expenses for 
     tuition in connection with enrollment at an elementary or 
     secondary school.''.
       (2) Limitation.--Section 529(e)(3)(A) is amended by adding 
     at the end the following: ``The amount of cash distributions 
     from all qualified tuition programs described in subsection 
     (b)(1)(A)(ii) with respect to a beneficiary during any 
     taxable year shall, in the aggregate, include not more than 
     $10,000 in expenses for tuition incurred during the taxable 
     year in connection with the enrollment or attendance of the 
     beneficiary as an elementary or secondary school student at a 
     public, private, or religious school.''.
       (c) Rollovers to Qualified Tuition Programs Permitted.--
     Section 530(d)(5) is amended by inserting ``, or into (by 
     purchase or contribution) a qualified tuition program (as 
     defined in section 529),'' after ``into another Coverdell 
     education savings account''.
       (d) Distributions From Qualified Tuition Programs for 
     Certain Expenses Associated With Registered Apprenticeship 
     Programs.--Section 529(e)(3) is amended by adding at the end 
     the following new subparagraph:
       ``(C) Certain expenses associated with registered 
     apprenticeship programs.--The term `qualified higher 
     education expenses' shall include books, supplies, and 
     equipment required for the enrollment or attendance of a 
     designated beneficiary in an apprenticeship program 
     registered and certified with the Secretary of Labor under 
     section 1 of the National Apprenticeship Act (29 U.S.C. 
     50).''.
       (e) Effective Dates.--
       (1) In general.--Except as otherwise provided in this 
     subsection, the amendments made by this section shall apply 
     to contributions made after December 31, 2017.
       (2) Rollovers to qualified tuition programs.--The 
     amendments made by subsection (b) shall apply to 
     distributions after December 31, 2017.
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