Latest action: Read twice and referred to the Committee on Finance.
Referred to one or more standing committees for review, hearings, and possible markup.
Specific committees not parsed from action data.
The committee may hold hearings, amend the bill, or let it die without action.
Next: Reported
Full chamber floor — Speaker / Majority Leader controls scheduling
Allows money in 529 education savings plans to be rolled into retirement accounts.
The problem
529 plans accumulate unused funds when beneficiaries don't need college money. Families lose tax benefits if they don't use saved funds, creating a financial planning challenge.
The proposal
This bill permits account owners to transfer unused 529 plan funds into Roth retirement accounts without penalty, allowing the money to grow tax-free for retirement instead.
The impact
Affects families with 529 plans, especially higher-income savers. Benefits those with excess education savings. May influence college savings behavior and retirement preparation strategies.
Families won't lose accumulated savings if education plans change. Money can still grow tax-free in retirement accounts. Encourages guilt-free saving for education without fear of penalties.
Redirects unused education funds into long-term retirement accounts. Could boost national retirement security. Helps middle and upper-income families build better retirement cushions.
Allows parents to adjust savings if children attend less expensive schools or get scholarships. Creates a backup plan for changing life circumstances. Reduces financial stress for families.
Preserves tax-free growth that would otherwise be lost. Keeps invested money growing without tax burden. Makes education savings vehicles more attractive.
Could discourage families from saving aggressively for college if money can be redirected. Might reduce total education funding available in society. Could shift focus away from college affordability.
Mainly helps wealthy families with excess savings after children graduate. Lower-income families typically use all 529 funds for education. Could increase wealth inequality through tax benefits.
Bill may include contribution limits or waiting periods on transfers. Could create complicated rules for account owners. May only help families with significant unused balances.
Tax-free growth in retirement accounts costs government revenue. Could increase federal budget deficits. May require other tax increases or spending cuts elsewhere.
Generated by AI from the bill text. Not a prediction and not legal or policy advice. The percentage is the model's own rating of each item — self-reported, and not a measure of how accurate it is.
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Individual contributions, grouped by employer · FEC
Where their individual donors work · 2026 cycle
Money from people who work there, not from the company. Not tied to this bill.
Itemized individual contributions via FEC, grouped by the employer each contributor self-reported. Companies and unions cannot contribute to federal candidates from their treasuries, so these totals are money from people who work at an employer — never from the organization itself. They are campaign contributions covering a full election cycle and are not connected to this bill.
Senate LDA lobbying disclosures
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