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S. 695

Education Savings Accounts for Military Families Act of 2019

Education Savings Accounts for Military Families Act of 2019

This bill directs the Department of Education (ED) to establish a program to provide children with parents on active duty in the uniformed services with funds to pay educational expenses.

Specifically, ED shall establish a tax-exempt Military Education Savings Account for dependent children of parents in the uniformed services for the payment of the children's educational expenses. Funds in the savings account may be used for, among other things, the cost of attendance at a private elementary or secondary school or institution of higher education, private tutoring, or costs associated with an apprenticeship or other vocational training program.

Read twice and referred to the Committee on Finance.

Sen. Sasse, Ben [R-NE](R-NE)Sponsor
8 cosponsors8 R
8cosponsors1committees2actions1related bills6subjects
  1. IntroReferral

    Read twice and referred to the Committee on Finance.

    Finance Committee
  2. IntroReferral10000

    Introduced in Senate

Education Savings Accounts for Military Families Act of 2019 — Informed