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![handle is hein.congrecreports/crptxahbl0001 and id is 1 raw text is: AUT-ENTICATED
US. GOVERNMENT
INFORMATION
GP
118TH CONGRESS REPORT
2d Session HOUSE OF REPRESENTATIVES 118-950
EDUCATION AND WORKFORCE FREEDOM ACT
DECEMBER 24, 2024.-Committed to the Committee of the Whole House on the State
of the Union and ordered to be printed
Mr. SMITH of Missouri, from the Committee on Ways and Means,
submitted the following
REPORT
together with
DISSENTING VIEWS
[To accompany H.R. 8915]
[Including cost estimate of the Congressional Budget Office]
The Committee on Ways and Means, to whom was referred the
bill (H.R. 8915) to amend the Internal Revenue Code of 1986 to ex-
pand the expenses treated as qualified higher education expenses
for purposes of 529 accounts to include additional elementary and
secondary school expenses and certain postsecondary credentialing
expenses, having considered the same, reports favorably thereon
with an amendment and recommends that the bill as amended do
pass.
CONTENTS
Page
I. SUMMARY AND BACKGROUND ............................................................... 3
A. Purpose and Sum m ary ..................................................................... 3
B. Background and Need for Legislation .................... 4
C. Legislative H istory ........................................................................... . 4
D . Designated H earing ......................................................................... 4
II. EXPLANATION OF THE BILL .................................................................. 5
A. Expand the Expenses Treated as Qualified Higher Education
Expenses for Purposes of 529 Accounts To Include Additional
Elementary and Secondary School Expenses and Certain Post-
secondary Credentialing Expenses (Secs. 2 and 3 of the Bill
and Sec. 529 of the Code) ............................................................... 5
III. VOTE OF THE COM M ITTEE ..................................................................... 9
IV. BUDGET EFFECTS OF THE BILL ............................................................ 9
A. Committee Estimate of Budgetary Effects .................. 9
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