[Congressional Record (Bound Edition), Volume 161 (2015), Part 3]
[House]
[Page 3250]
[From the U.S. Government Publishing Office, www.gpo.gov]




                        A GREAT IDEA: 529 PLANS

  (Ms. FOXX asked and was given permission to address the House for 1 
minute.)
  Ms. FOXX. Mr. Speaker, I believe in an opportunity economy, where 
hard work, education, innovation, and risk are rewarded, and we empower 
individuals, not government.
  Imagine what determination and a degree can do for today's young 
people, provided they have a variety of choices to meet their needs and 
good information about the investment they are making.
  Paying for college is hard work, and it is getting more difficult as 
tuition and fees continue to increase at rapid rates. Luckily, American 
families have an investment tool known as a 529 plan to help them save 
for their child's college education.
  Last week, the House approved bipartisan legislation to expand, 
strengthen, and improve 529 plans, which nearly 12 million families 
have utilized to help plan for their child's education.
  With student loan debt surpassing credit card debt, we need to do 
everything we can to encourage American families to save for college 
and invest in their child's future.

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