H.R. 529—To amend the Internal Revenue Code of 1986 to improve 529 plans.
H.R. 529 - To amend the Internal Revenue Code of 1986 to improve 529 plans.
Hearing Information
Meeting Information
Tuesday, February 24, 2015 - 5:00pm in H-313 The Capitol View Announcement »
Video
Bill Text
To amend the Internal Revenue Code of 1986 to improve 529 plans. (as introduced)
:: H.R. 529 (as reported) PDFXML
H. Rept. 114-25PDF
Report from the Committee on Ways and Means
Hearing Documents
Rule PDF
H. Rept. 114-28PDF
Rule Information
COMMITTEE ACTION:
REPORTED BY VOICE VOTE on Tuesday, February 24, 2015.
FLOOR ACTION ON H. RES. 121:
Agreed to by record vote of 243-178, after agreeing to the previous question by record vote of 241-181, on Wednesday, February 25, 2015
MANAGERS: Woodall/Hastings
1. Closed rule for H.R. 529.
2. Provides one hour of debate equally divided and controlled by the chair and ranking minority member of the Committee on Ways and Means.
3. Waives all points of order against consideration of the bill.
4. Provides that the amendment in the nature of a substitute recommended by the Committee on Ways and Means now printed in the bill shall be considered as adopted and the bill, as amended, shall be considered as read.
5. Waives all points of order against provisions in the bill, as amended.
6. Provides one motion to recommit with or without instructions.
7. Section 2 provides a general debate rule for H.R. 5.
8. Provides one hour of general debate equally divided and controlled by the chair and ranking minority member of the Committee on Education and the Workforce.
9. Waives all points of order against consideration of the bill.
10. Provides that no further consideration of the bill shall be in order except pursuant to a subsequent order of the House.
11. Section 3 waives the requirement of clause 6(a) of rule XIII (requiring a two-thirds vote to consider a rule on the same day it is reported from the Rules Committee) with respect to any resolution reported through the legislative day of March 2, 2015, relating to a measure making or continuing appropriations for the Department of Homeland Security for the fiscal year ending September 30, 2015.
12. Section 4 provides that it shall be in order at any time through the calendar day of March 1, 2015, for the Speaker to entertain motions that the House suspend the rules relating to a measure making or continuing appropriations for the Department of Homeland Security for the fiscal year ending September 30, 2015.
Amendments (click each header to sort table ▲▼ by that column)
| # | Version # | Sponsor(s) | Party | Summary | Status |
|---|---|---|---|---|---|
| 2 | Version 1 | Davis, Danny K. (IL) | Democrat | Ensures that the important improvements to 529 programs within H.R. 529 will occur without adding to the deficit by making 529 plans available to taxpayers with adjusted gross incomes of $3 million or less. | Submitted |
| 1 | Version 1 | Nugent (FL) | Republican | Removes the penalty associated with disbursing 529 funds for use in paying down student loans, but would not add student loans as a qualifying higher education expense and therefore would not change the taxable nature of such disbursements. | Submitted |
Committee Votes
Rules Committee Record Vote No. 26
Motion by Ms. Slaughter to make in order and provide the appropriate waivers for amendment #2 to H.R. 529, offered by Rep. Davis (IL), which ensures that the important improvements to 529 programs within H.R. 529 will occur without adding to the deficit by making 529 plans available to taxpayers with adjusted gross incomes of $3 million or less. Defeated: 4–6