COLLEGE SAVINGS FOUNDATION APPLAUDS REPRESENTATIVES LYNN JENKINS AND RON KIND FOR INTRODUCING H.R. 529, the 529 and ABLE Account Improvement Act of 2017
Washington, DC, January 17 – The College Savings Foundation (CSF) applauds U.S. Representatives Lynn Jenkins (R-KS) and Ron Kind (D-WI) for their introduction of H.R. 529, known as the 529 and ABLE Account Improvement Act of 2017. H.R. 529 encourages saving by eliminating perceived barriers and providing flexibility for American families planning and saving for higher education.
“H.R. 529 will make important improvements to 529 college savings plans to encourage more American families to save for higher education,” said Richard Polimeni, Chair of CSF, a not-for-profit organization whose mission is to help families achieve their education savings goals. “Not only does college saving help students reduce their dependence on student debt, but it also prepares them to be more successful in a competitive workforce.”
Representative Lynn Jenkins has been a longtime and passionate champion of 529 plans and the families they help, going back to her years as Kansas State Treasurer with responsibility for college savings. Representative Kind also is a longtime advocate for families and encouraging saving for the future. CSF has worked closely with Representatives Jenkins and Kind throughout the years to ensure college savings proposals provide workable solutions for families facing the high costs of college. H.R. 529 builds upon a series of proposals introduced by Representatives Jenkins and Kind that have been enacted into law.
A more recent addition to the legislation is a focus on disability savings programs. “H.R. 529 also will enhance the programs now being developed by states to implement the Stephen Beck, Jr. Achieving a Better Life Experience (ABLE) Act, one of the most significant pieces of disability legislation since the Americans with Disabilities Act, to assist individuals with disabilities and their families to save for qualified disability expenses,” noted Polimeni.
The key elements of the legislation are:
“There is no greater investment this country can make than providing incentives and assistance in planning and saving for major goals including life-long education and increased self-sufficiency for persons with disabilities,” Polimeni said.
The College Savings Foundation (CSF) is a Washington, D.C.- based not-for-profit organization helping American families achieve their education savings goals. www.collegesavingsfoundation.org
Contact: Lynthia Romney, firstname.lastname@example.org 914-238-2145/914-589-2140