Less than one month after it was reintroduced, the ASAE-endorsed Freedom to Invest in Tomorrow’s Workforce Act has reached 65 cosponsors in the House. IHMM is a member of the Tomorrow’s Workforce Coalition and its Executive Director Eugene A. Guilford, Jr., CAE was on Capitol Hill this week meeting with Members of Congress to become co-sponsors.
- Companion legislation, S 756, was also introduced this week in the Senate by Sens. Amy Klobuchar (D-MN) and Roger Marshall (R-KS).
This legislation would expand qualified expenses under 529 savings plans to include postsecondary training and credentialing, such as licenses and nongovernmental certifications. It would provide valuable tax-advantaged resources to more workers pursuing career growth, mid-career changes, or alternative career pathways.
The House bill was reintroduced last month by Rep. Rob Wittman (R-VA).
What they’re saying: “I’m pleased to see support continue to grow for the Freedom to Invest in Tomorrow’s Workforce Act, which will provide students and professionals in Virginia and across the nation with additional resources to pay for tuition, exam, training, and supply costs associated with obtaining postsecondary education workforce certifications,” said Congressman Wittman.
In addition to ASAE’s current efforts to protect tax-exempt organizations through the Community Impact Coalition, ASAE has advocated that the Freedom to Invest in Tomorrow’s Workforce Act will strengthen the nation’s workforce for years to come through commonsense tax policy.
What we’re saying: “The Freedom to Invest in Tomorrow’s Workforce Act is a bipartisan solution that empowers workers of all backgrounds, skill levels, and ages to invest in their professional growth,” said ASAE President and CEO Michelle Mason, FASAE, CAE. “With support from more than 60 cosponsors, this commonsense legislation expands access to education and training, strengthening industries and professions that rely on a skilled workforce. ASAE and the association community are grateful to the bill’s Congressional champions for reintroducing this critical measure in 2025 and for their steadfast commitment to supporting both today’s workers and the workforce of the future.”
ASAE and the Tomorrow’s Workforce Coalition encourages you to take action and tell Congress to support this legislation and include this language in their larger tax package in 2025.
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