,,ii  #aac? ,,congress  #a/ ,session    
,s4 #aeae  ,,9 ,,! ,,s5ate ,,( ,,!      
,,unit$ ,,/ates  ,septemb] #ah1         
#bjac,mr4 ,kirk introduc$ ! foll[+ bill2
 :i* 0 read twice & ref]r$ to !         
,committee on ,f9ance  ,a ,,bill  ,to   
am5d ! ,int]nal ,rev5ue ,code ( #aihf to
 improve & exp& education sav+s acc\nts4
  #a4 ,%ort title ,?is ,act may be cit$ 
z ! #dja,kids ,family ,sav+s ,act (     
#bjac4  #b4 ,conv]sion ( ,cov]dell      
education sav+s acc\nts to #dja,kids    
sav+s acc\nts  7a7 ,9 g5]al ,section    
#ecj ( ! ,int]nal ,rev5ue ,code ( #aihf 
is am5d$ by /rik+ ,cov]dell education   
sav+s acc\nt ea* place x appe>s 9       
subsection 7a71 subsection 7b77#a71     
subsection 7b77#d71 subsection          
7d77#d77;,a71 subsection 7d77#e71       
subsection 7d77#f71 subsection 7d77#i71 
& subsection 7h71 & ins]t+ #dja,kids    
sav+s acc\nt4  7b7 ,con=m+ am5dm5ts     
7#a7 ,! head+ ( section #ecj ( !        
,int]nal ,rev5ue ,code ( #aihf is am5d$ 
by /rik+ ,cov]dell education sav+s      

acc\nts & ins]t+ #dja,kids sav+s        
acc\nts4  7#b7 ,! head+ ( p>agraph 7#a7 
( section #ecj7;b7 ( su* ,code is am5d$ 
by /rik+ ,cov]dell education sav+s      
acc\nt & ins]t+ #dja,kids sav+s acc\nt4 
7#c7 ,section #bf7;b77#b77;,e7 ( su*    
,code is am5d$ by /rik+ ,cov]dell       
education sav+s acc\nts & ins]t+        
#dja,kids sav+s acc\nts4  7#d7 ,section 
#gb7;e77#i7 ( su* ,code is am5d$ by     
/rik+ ,cov]dell education sav+s acc\nt &
 ins]t+ #dja,kids sav+s acc\nt4  7#e7 ,!
 head+ ( p>agraph 7#i7 ( section #gb7;e7
 ( su* ,code is am5d$ by /rik+ ,cov]dell
 education sav+s acc\nts & ins]t+       
#dja,kids sav+s acc\nts4  7#f7 ,section 
#ace7;c77#b77;,c7 ( su* ,code is am5d$  
by /rik+ ,cov]dell education sav+s      
acc\nt & ins]t+ #dja,kids sav+s acc\nt4 
7#g7 ,! head+ ( subp>agraph 7,c7 (      
section #ace7;c77#b7 ( su* ,code is     
am5d$ by /rik+ ,cov]dell education sav+s
 acc\nts & ins]t+ #dja,kids sav+s       
acc\nts4  7#h7 ,section                 
#djh;,a7e77#b77;,a77ii7 ( su* ,code is  

am5d$ by /rik+ ,cov]dell education sav+s
 acc\nt & ins]t+ #dja,kids sav+s acc\nt4
  7#i7 ,! head+ ( clause 7vi7 ( section 
#ebi7;c77#c77;,b7 ( su* ,code is am5d$  
by /rik+ ,cov]dell education sav+s      
acc\nts & ins]t+ #dja,kids sav+s        
acc\nts4  7#aj7 ,section #ebi7;c77#f7 ( 
su* ,code is am5d$ by /rik+ ,cov]dell   
education sav+s acc\nt & ins]t+         
#dja,kids sav+s acc\nt4  7#aa7 ,section 
#hgg;,a7e77#b7 ( su* ,code is am5d$ by  
/rik+ ,cov]dell education sav+s acc\nt &
 ins]t+ #dja,kids sav+s acc\nt4  7#ab7  
,section #digc7;a77#d7 ( su* ,code is   
am5d$ by /rik+ ,cov]dell education sav+s
 acc\nt & ins]t+ #dja,kids sav+s acc\nt4
  7#ac7 ,section #digc7;e77#a7 ( su*    
,code is am5d$ by /rik+ ,cov]dell       
education sav+s acc\nts & ins]t+        
#dja,kids sav+s acc\nts4  7#ad7 ,section
 #digc7;e77#b77;,a7 ( su* ,code is am5d$
 by /rik+ ,cov]dell education sav+s     
acc\nt & ins]t+ #dja,kids sav+s acc\nt4 
7#ae7 ,! head+ ( subsection 7e7 (       
section #digc ( su* ,code is am5d$ by   

/rik+ ,cov]dell education sav+s acc\nts 
& ins]t+ #dja,kids sav+s acc\nts4  7#af7
 ,section #dige7;c77#e7 ( su* ,code is  
am5d$ by /rik+ ,cov]dell education sav+s
 acc\nt & ins]t+ #dja,kids sav+s acc\nt4
  7#ag7 ,! head+ ( p>agraph 7#e7 (      
section #dige7;c7 ( su* ,code is am5d$  
by /rik+ ,cov]dell education sav+s      
acc\nts & ins]t+ #dja,kids sav+s        
acc\nts4  7#ah7 ,section                
#dige7;e77#a77;,f7 ( su* ,code is am5d$ 
by /rik+ ,cov]dell education sav+s      
acc\nt & ins]t+ #dja,kids sav+s acc\nt4 
7#ai7 ,section #ffic7;a77#b77;,e7 ( su* 
,code is am5d$ by /rik+ ,cov]dell       
education sav+s acc\nts & ins]t+        
#dja,kids sav+s acc\nts4  7#bj7 ,! head+
 ( "p ,,viii ( sub*apt] ,f ( *apt] #a ( 
su* ,code is am5d$ by /rik+ ,high]      
education sav+s & ins]t+ ,education &   
*ildr5's sav+s4  7c7 ,cl]ical am5dm5ts  
7#a7 ,! item relat+ to "p ,,viii 9 !    
table ( p>ts = sub*apt] ,f ( *apt] #a ( 
! ,int]nal ,rev5ue ,code ( #aihf is     
am5d$ to read z foll[s3  ,"p ,,viii4    

,education & *ildr5's sav+s entities  4 
7#b7 ,! table ( sections = "p ,,viii (  
sub*apt] ,f ( *apt] #a ( su* ,code is   
am5d$ by /rik+ ! item relat+ to section 
#ecj & ins]t+ ! foll[+ new item3  ,sec4 
#ecj4 #dja,kids sav+s acc\nts4  4  7d7  
,effective date ,! am5dm5ts made by ?is 
section %all apply to taxable ye>s      
beg9n+ aft] ! date ( ! enactm5t ( ?is   
,act4  #c4 ,qualifi$ di/ributions = fir/
 home pur*ases  7a7 ,9 g5]al ,p>agraph  
7#a7 ( section #ecj7;b7 ( ! ,int]nal    
,rev5ue ,code ( #aihf is am5d$ by /rik+ 
qualifi$ education exp5ses & ins]t+     
qualifi$ exp5ses4  7b7 ,qualifi$ exp5ses
 ,subsection 7b7 ( section #ecj ( !     
,int]nal ,rev5ue ,code ( #aihf is am5d$ 
by r$esignat+ p>agraphs 7#b71 7#c71 &   
7#d7 z p>agraphs 7#d71 7#e71 & 7#f71    
respectively1 & by ins]t+ aft] p>agraph 
7#a7 ! foll[+ new p>agraphs3  7#b7      
,qualifi$ exp5ses ,! t]m qualifi$       
exp5ses means-- 7,a7 qualifi$ fir/-"t   
homebuy] exp5ses1 &  7,b7 qualifi$      
education exp5ses4  7#c7 ,qualifi$      

fir/-"t homebuy] exp5ses  7,a7 ,9 g5]al 
,! t]m qualifi$ fir/-"t homebuy] exp5ses
 means1 9 ! case ( a designat$ b5efici>y
 :o is a fir/-"t homebuy]1 ! qualifi$   
acquisition co/s ) respect to a pr9cipal
 resid5ce ( su* b5efici>y4  7,b7        
,def9itions ,! t]ms fir/-"t homebuy]1   
qualifi$ acquisition co/s1 & pr9cipal   
resid5ce h ! same mean+ z :5 us$ 9      
section #gb7t77#h74  4  7c7 ,con=m+     
am5dm5ts  7#a7 ,p>agraph 7#d77;,a77ii7  
7z r$esignat$ by subsection 7b77 (      
section #ecj7;b7 ( ! ,int]nal ,rev5ue   
,code ( #aihf is am5d$ by /rik+ z def9$ 
9 p>agraph 7#c7 & ins]t+ z def9$ 9      
p>agraph 7#e74  7#b7 ,subp>agraphs 7,a71
 7,b71 & 7,d7 ( section #ecj7;d77#a7 (  
su* ,code are ea* am5d$ by /rik+        
qualifi$ education exp5ses ea* place x  
appe>s & ins]t+ qualifi$ exp5ses4  7#c7 
,! head+ ( p>agraph 7#b7 ( section      
#ecj7;d7 ( su* ,code is am5d$ by /rik+  
education exp5ses & ins]t+ exp5ses4     
7#d7 ,! head+ ( p>agraph 7#d7 ( section 
#ecj7;d7 ( su* ,code is am5d$ by /rik+  

educational exp5ses & ins]t+ exp5ses4   
7#e7 ,subclause 7,i7 ( section          
#ebi7;c77#c77;,b77vi7 ( su* ,code is    
am5d$ by /rik+ to :i* clauses 7i7 & 7ii7
 & section #ecj7;d77#b77;,a7 apply &    
ins]t+ = qualifi$ high] education       
exp5ses to :i* clauses 7i7 & 7ii7 apply 
& = qualifi$ education exp5ses to :i*   
section #ecj7;d77#b77;,a7 applies4  7#f7
 ,clause 7vi7 ( section                 
#ebi7;c77#c77;,b7 ( su* ,code is am5d$  
by /rik+ & section #ecj7;d77#b77;,a74 & 
ins]t+ & ! am\nt ( ! exclusion ) respect
 to qualifi$ education exp5ses "u       
section #ecj7;d77#b77;,a744  7d7        
,effective date ,! am5dm5ts made by ?is 
section %all apply to di/ributions made 
9 taxable ye>s beg9n+ aft] ! date ( !   
enactm5t ( ?is ,act4  #d4 ,qualifi$     
rollov] contributions f #dja,kids sav+s 
acc\nts to ,ro? ,i,r,as  7a7 ,9 g5]al   
,p>agraph 7#e7 ( section #ecj7;d7 ( !   
,int]nal ,rev5ue ,code ( #aihf is am5d$ 
by ins]t+ 1 or into a ,ro? ,,ira ( !    
b5efici>y aft] z ( su* date4  7b7       

,con=m+ am5dm5t2 te*nical correction    
,p>agraph 7#a7 ( section #djh;,a7e7 ( ! 
,int]nal ,rev5ue ,code ( #aihf is am5d$ 
to read z foll[s3  7#a7 ,9 g5]al ,! t]m 
qualifi$ rollov] contribution means a   
rollov] contribution to a ,ro? ,,ira f  
ano!r su* acc\nt1 f an eligible         
retirem5t plan 7z def9$ 9 section       
#djb7;c77#h77;,b771 or f a #dja,kids    
sav+s acc\nt 7z def9$ 9 section         
#ecj7;b77#a771 b only if-- 7,a7 su*     
rollov] contribution meets ! requirem5ts
 ( section #djh7;d77#c71  7,b7 9 ! case 
( a rollov] contribution f an eligible  
retirem5t plan describ$ 9 clause 7iii71 
7iv71 7v71 or 7vi7 ( section            
#djb7;c77#h77;,b71 su* contribution     
meets ! requirem5ts ( section #djb7;c71 
#djc7;b77#h71 or #deg7;e77#af71 :i*ev]  
is applicable1 &  7,c7 9 ! case ( a     
rollov] contribution f a #dja,kids sav+s
 acc\nt1 su* contribution meets !       
requirem5ts ( section #ecj7;d77#e74  ,= 
purposes ( section #djh7;d77#c77;,b71   
!re %all be disreg>d$ any qualifi$      

rollov] contribution f an individual    
retirem5t plan 7o!r ?an a ,ro? ,,ira7 to
 a ,ro? ,,ira4  4  7c7 ,effective date  
,! am5dm5ts made by ?is section %all    
apply to rollov] contributions made 9   
taxable ye>s beg9n+ aft] ! date ( !     
enactm5t ( ?is ,act4