,i  #aad? ,,congress  #a/ ,session  ,h4 
,r4 #dbbb  ,,9 ,,! ,,h\se ,,(           
,,repres5tatives  ,decemb] #aj1 #bjae   
,mr4 ,c>ney introduc$ ! foll[+ bill2 :i*
 0 ref]r$ to ! ,committee on ,education 
& ! ,work=ce1 & 9 addition to !         
,committee on ,ways & ,means1 = a p]iod 
to be subsequ5tly det]m9$ by ! ,speak]1 
9 ea* case = consid]ation ( su*         
provisions z fall )9 ! jurisdiction ( ! 
committee conc]n$  ,a ,,bill  ,to direct
 ! ,secret>y ( ,education to c>ry out a 
pilot program "u :i* high] education    
sav+s acc\nts are e/abli%$ = ! b5efit ( 
eligible second>y s*ool /ud5ts4  #a4    
,%ort title ,?is ,act may be cit$ z !   
,high] ,education ,sav+s ,acc\nts ,act (
 #bjae4  #b4 ,high] education pl$ge     
acc\nts pilot program  7a7 ,9 g5]al ,!  
,secret>y %all c>ry out a pilot program 
"u :i* sav+s acc\nts 7to be kn[n z high]
 education pl$ge acc\nts7 are e/abli%$ =
 ! b5efit ( eligible /ud5ts 9 accordance
 ) ?is section4  7b7 ,eligibility &     
selection ( p>ticipants  7#a7 ,eligible 

/ud5ts ,to be eligible to p>ticipate 9 !
 pilot program1 a /ud5t mu/ be-- 7,a7   
enroll$ 9 ! #i? or #aj? grade at a      
second>y s*ool2 &  7,b7 eligible to     
receive free or r$uc$ price lun*es "u ! 
,ri*>d ,b4 ,russell ,national ,s*ool    
,lun* ,act 7#db ,u4,s4,c4 #agea et      
seq474  7#b7 ,selection ( eligible      
/ud5ts ,! ,secret>y %all select eligible
 /ud5ts = p>ticipation 9 ! pilot program
 bas$ on su* crit]ia z ! ,secret>y      
det]m9es to be appropriate4  7c7        
,deposits  7#a7 ,initial deposit  7,a7  
,9 g5]al ,! ,secret>y %all deposit an   
initial am\nt into ea* high] education  
pl$ge acc\nt4  7,b7 ,am\nt ( initial    
deposit ,! am\nt ( ! initial deposit    
describ$ 9 subp>agraph 7,a7 %all be     
equal to ! am\nt ( ! maximum ,f$]al     
,pell ,grant "u section #dja7;b7 ( !    
,high] ,education ,act ( #aife1 z       
specifi$ 9 ! la/ enact$ appropriation   
,act applicable to t aw>d ye>4  7#b7    
,subsequ5t deposits  7,a7 ,9 g5]al ,!   
,secret>y may make additional deposits  

into a high] education pl$ge acc\nt bas$
 on an evaluation ( ! academic progress 
( ! /ud5t 9 accordance ) subsection 7g74
  7,b7 ,am\nt ( subsequ5t deposits ,!   
am\nt ( an additional deposit made "u   
subp>agraph 7,a7 = an aw>d ye> beg9n+   
aft] ! date ( ! initial deposit "u      
p>agraph 7#a7 %all be n less ?an ! am\nt
 ( ! maximum ,f$]al ,pell ,grant "u     
section #dja7;b7 ( ! ,high] ,education  
,act ( #aife1 z specifi$ 9 ! la/ enact$ 
appropriation ,act applicable to t aw>d 
ye>4  7d7 ,di/ributions ,a /ud5t may use
 funds f ! /ud5t's high] education pl$ge
 acc\nt only to pay ! co/ ( att5dance at
 a qualifi$ in/itution4  7e7 ,tax       
treatm5t ( acc\nts  7#a7 ,9 g5]al ,a    
high] education pl$ge acc\nt is exempt f
 taxation "u subtitle ,a ( ! ,int]nal   
,rev5ue ,code ( #aihf4  7#b7            
,contributions & di/ributions ,=        
purposes ( su* subtitle-- 7,a7 any      
contribution to a high] education pl$ge 
acc\nt by ! ,secret>y "u ?is ,act %all n
 be includible 9 gross income2 &  7,b7  

any di/ribution f a high] education     
pl$ge acc\nt :i* is p]mitt$ "u ?is ,act 
%all n be includible 9 ! gross income ( 
! individual = ^: b5efit su* acc\nt is  
ma9ta9$4  7f7 ,(fset ( ,f$]al ,pell     
,grant ,am\nts ,! am\nt ( any ,f$]al    
,pell ,grant aw>d$ to a /ud5t att5d+ a  
qualifi$ in/itution %all be r$uc$ by !  
am\nt 9 su* /ud5t's high] education     
pl$ge acc\nt4  7g7 ,monitor+ ( academic 
progress ,! ,secret>y %all monitor !    
academic progress ( ea* /ud5t = ^:      
b5efit a high] education pl$ge acc\nt is
 ma9ta9$4  7h7 ,f9ancial c\nsel+ ,!     
,secret>y %all ensure t ea* /ud5t = ^:  
b5efit a high] education pl$ge acc\nt is
 ma9ta9$ receives n less ?an #ab h\rs ( 
f9ancial c\nsel+ ) respect to--  7#a7 ! 
rules p]ta9+ to deposits1 di/ributions1 
& ! tax treatm5t ( funds 9 ! high]      
education pl$ge acc\nt2 &  7#b7 s\rces (
 ,f$]al f9ancial assi/ance = high]      
education4  #c4 ,def9itions ,9 ?is ,act3
  7#a7 ,co/ ( att5dance ,! t]m co/ (    
att5dance has ! mean+ giv5 ! t]m 9      

section #dgb ( ! ,high] ,education ,act 
( #aife 7#bj ,u4,s4,c4 #ajhgll74  7#b7  
,f$]al f9ancial assi/ance ,! t]m ,f$]al 
f9ancial assi/ance means any grant1     
loan1 or o!r f9ancial assi/ance t may be
 provid$ to an individual /ud5t "u !    
,high] ,education ,act ( #aife4  7#c7   
,in/itution ( high] education ,! t]m    
in/itution ( high] education has ! mean+
 giv5 ! t]m 9 section #ajb7;a7 ( !      
,high] ,education ,act ( #aife 7#bj     
,u4,s4,c4 #ajjb7;a77 except t su* t]m   
does n include propriet>y in/itutions ( 
high] education 7z def9$ 9 section      
#ajb7;b7 ( su* ,act 7#bj ,u4,s4,c4      
#ajjb7;b7774  7#d7 ,qualifi$ in/itution 
,! t]m qualifi$ in/itution means an     
in/itution ( high] education t-- 7,a7   
has 9 effect a program p>ticipation     
agreem5t "u section #dhg ( ! ,high]     
,education ,act ( #aife 7#bj ,u4,s4,c4  
#ajid72 &  7,b7 is eligible to          
p>ticipate 9 programs "u title ,,iv (   
su* ,act 7#bj ,u4,s4,c4 #ajgj et seq474 
7#e7 ,second>y s*ool ,! t]m second>y    

s*ool has ! mean+ giv5 ! t]m 9 section  
#iaja ( ! ,elem5t>y & ,second>y         
,education ,act ( #aife 7#bj ,u4,s4,c4  
#ghja74  7#f7 ,secret>y ,! t]m ,secret>y
 means ! ,secret>y ( ,education4