Complete Story
07/11/2024
House Ways & Means Advances ASAE’s Top Legislative Priority
The bill would permit beneficiaries of 529 savings accounts to expand their usage
The House Ways and Means Committee on July 9 advanced the American Society of Association Executives' (ASAE) top legislative priority, the Freedom to Invest in Tomorrow’s Workforce Act (H.R. 1477/S. 722).
The bill would permit beneficiaries of 529 savings accounts to use their account funds to cover costs associated with workforce training and both obtaining and maintaining high-quality postsecondary credentials, such as professional certifications and occupational licenses. With the bill’s passage out of Ways and Means, ASAE will push for floor consideration.
Last year, ASAE and its partner, the Professional Certification Coalition, established the Tomorrow’s Workforce Coalition (TWC) to help build support for the legislation, which now includes more than 810 member organizations from across the economy. The TWC, its members and collective advocacy are significant reasons why the legislation has gained so much bipartisan support in Congress (146 House cosponsors; 24 Senate co-sponsors).
What's next: Review the TWC roster and ASAE's one-pager for more information.
-
There’s still time for organizations to join the (free) coalition and be part of the effort.
-
Follow this link to join.
Email Jeff Evans, ASAE's public policy director, with questions or for more information.
This article was provided to OSAP by ASAE's Power of Associations and Inroads.
