,,ib  ,union ,cal5d> ,no4 #ag  #aad?    
,,congress  #a/ ,session  ,h4 ,r4 #ebi  
,report ,no4 #aad-be  ,,9 ,,! ,,h\se ,,(
 ,,repres5tatives  ,janu>y #bf1 #bjae   
,ms4 ,j5k9s ( ,kansas 7= h]self & ,mr4  
,k9d7 introduc$ ! foll[+ bill2 :i* 0    
ref]r$ to ! ,committee on ,ways & ,means
  ,febru>y #bj1 #bjae ,additional       
sponsors3 ,mr4 ,pauls51 ,mr4 ,gibson1   
,mr4 ,kelly ( ,p5nsylvania1 ,mr4        
,/utzman1 ,mr4 ,cook1 ,mr4 ,fitzpatrick1
 ,mr4 ,m>*ant1 ,mr4 ,poliqu91 ,mr4      
,huiz5ga ( ,mi*igan1 ,mr4 ,byrne1 ,mr4  
,amodei1 ,mr4 ,b5i%ek1 ,mr4 ,kl9e1 ,mr4 
,"y ( ,indiana1 ,mr4 ,goodlatte1 ,mr4   
,meehan1 ,mr4 ,we/]man1 ,mr4 ,pet]s1    
,mr4 ,hill1 ,ms4 ,graham1 ,ms4 ,ku/]1   
,mr4 ,=bes1 ,mr4 ,heck ( ,nevada1 ,mr4  
,b]a1 ,mr4 ,poe ( ,texas1 ,mr4 ,nunes1  
,mr4 ,blum1 ,mr4 ,connolly1 ,mr4 ,f9*]1 
,mr4 ,roskam1 ,mr4 ,sam ,johnson (      
,texas1 ,mr4 ,gro?man1 ,mr4 ,latta1 ,mr4
 ,?ompson ( ,cali=nia1 ,mr4 ,sessions1  
,mr4 ,himes1 & ,mr4 ,smi? ( ,miss\ri    
,febru>y #bj1 #bjae ,report$ ) an       

am5dm5t1 committ$ to ! ,committee ( !   
,:ole ,h\se on ! ,/ate ( ! ,union1 &    
ord]$ to be pr9t$ ,/rike out all aft] ! 
enact+ clause & ins]t ! "p pr9t$ 9      
italic ,= text ( introduc$ bill1 see    
copy ( bill z introduc$ on ,janu>y #bf1 
#bjae  ,a ,,bill  ,to am5d ! ,int]nal   
,rev5ue ,code ( #aihf to improve #ebi   
plans4  #a4 ,f9d+s & purpose  7a7 ,f9d+s
 ,congress f9ds ! foll[+3 7#a7 ,:5 !    
,economic ,gr[? & ,tax ,relief          
,reconciliation ,act ( #bjja became law1
 ! tax treatm5t ( section #ebi college  
sav+s plans 0 *ang$ s t qualifi$        
di/ributions 7 no long] tax$ z income4  
,! favorable tax treatm5t ( college     
sav+s plans 0 made p]man5t ) ! passage (
 ! ,p5sion ,protection ,act ( #bjjf4    
7#b7 ,section #ebi college sav+s plans  
emp[] middle-class families to          
accumulate sav+s to (fset ! ris+ co/s ( 
att5d+ college4  7#c7 ,! late/ data f ! 
,college ,sav+s ,plan ,network %[s t !re
 are #aa4hc million #ebi acc\nts op5    
?r\gh\t all #ej /ates1 :i* repres5t     

#bdd4e billion 9 total assets4 ,! av]age
 #ebi acc\nt size is #bj1fga4  7#d7     
,/ates t sponsor #ebi college sav+s     
plans h tak5 /eps to ensure ^! plans are
 a tool t all families c use to save =  
college1 includ+ sett+ m9imum           
contributions z l[ z #be p] mon? to     
enc\rage p>ticipation by families ( all 
income levels4  7#e7 ,! ,presid5t's     
fiscal ye> #bjaf ,budget proposes rais+ 
taxes by tax+ c]ta9 future di/ributions 
made f #ebi college sav+s plans4  7#f7  
,! tax propos$ by ! ,presid5t w\ld      
disc\rage ! use ( #ebi college sav+s    
plans1 requir+ families & /ud5ts to take
 on m debt4  7#g7 ,pur*ase ( a comput]  
repres5ts a significant high] education 
exp5se & !re=e %\ld be eligible =       
qualifi$ di/ributions "u #ebi college   
sav+s plans4  7b7 ,purpose ,x is !      
purpose ( ?is ,act to-- 7#a7 enact      
policies t /r5g!n #ebi college sav+s    
plans1 &  7#b7 make #ebi plans m mod]n1 
consum]-fri5dly1 & responsive to !      
realities fac$ by /ud5ts today4  #b4    

,comput] te*nology & equipm5t p]man5tly 
all[$ z a qualifi$ high] education      
exp5se = section #ebi acc\nts  7a7 ,9   
g5]al ,section #ebi7;e77#c77;,a77iii7 ( 
! ,int]nal ,rev5ue ,code ( #aihf is     
am5d$ to read z foll[s3  7iii7 exp5ses =
 ! pur*ase ( comput] or p]iph]al        
equipm5t 7z def9$ 9 section             
#afh7;i77#b77;,b771 comput] s(tw>e 7z   
def9$ 9 section #aig7;e77#c77;,b771 or  
,int]net access & relat$ s]vices1 if su*
 equipm5t1 s(tw>e1 or s]vices are to be 
us$ prim>ily by ! b5efici>y dur+ any ( !
 ye>s ! b5efici>y is enroll$ at an      
eligible educational in/itution4  4  7b7
 ,effective date ,! am5dm5t made by ?is 
section %all apply to taxable ye>s      
beg9n+ aft] ,decemb] #ca1 #bjad4  #c4   
,elim9ation ( di/ribution aggregation   
requirem5ts  7a7 ,9 g5]al ,section      
#ebi7;c77#c7 ( ! ,int]nal ,rev5ue ,code 
( #aihf is am5d$ by /rik+ subp>agraph   
7,d74  7b7 ,effective date ,! am5dm5t   
made by ?is section %all apply to       
di/ributions aft] ,decemb] #ca1 #bjad4  

#d4 ,recontribution ( refund$ am\nts    
7a7 ,9 g5]al ,section #ebi7;c77#c7 ( !  
,int]nal ,rev5ue ,code ( #aihf1 z am5d$ 
by section #c1 is am5d$ by add+ at ! end
 ! foll[+ new subp>agraph3  7,d7        
,special rule = contributions ( refund$ 
am\nts ,9 ! case ( a b5efici>y :o       
receives a refund ( any qualifi$ high]  
education exp5ses f an eligible         
educational in/itution1 subp>agraph 7,a7
 %all n apply to t portion ( any        
di/ribution = ! taxable ye> :i* is      
recontribut$ to a qualifi$ tuition      
program ( :i* su* individual is a       
b5efici>y1 b only to ! ext5t su*        
recontribution is made n lat] ?an #fj   
days aft] ! date ( su* refund & does n  
exce$ ! refund$ am\nt4  4  7b7          
,effective date  7#a7 ,9 g5]al ,!       
am5dm5t made by ?is section %all apply )
 respect to refunds ( qualifi$ high]    
education exp5ses aft] ,decemb] #ca1    
#bjad4  7#b7 ,transition rule ,9 ! case 
( a refund ( qualifi$ high] education   
exp5ses receiv$ aft] ,decemb] #ca1      

#bjad1 & be=e ! date ( ! enactm5t ( ?is 
,act1 section #ebi7;c77#c77;,d7 ( !     
,int]nal ,rev5ue ,code ( #aihf 7z add$  
by ?is section7 %all be appli$ by       
sub/itut+ n lat] ?an #fj days aft] !    
date ( ! enactm5t ( ?is subp>agraph = n 
lat] ?an #fj days aft] ! date ( su*     
refund4  ,febru>y #bj1 #bjae ,report$ ) 
an am5dm5t1 committ$ to ! ,committee ( !
 ,:ole ,h\se on ! ,/ate ( ! ,union1 &   
ord]$ to be pr9t$