Skip to content

Jumpstart Savings Act

In committee: it can still change before the session ends.

US HR 7115 · House Bill · 119th Congress

Draft a letter
Stage
In committee
Started in
House
Sponsors
15
Latest action
Jan 15, 2026

What it does

The Jumpstart Savings Act would create a new tax-advantaged savings program, modeled after 529 college savings plans, to help individuals save for apprenticeship and trade occupation training expenses. It would allow contributions to Jumpstart Accounts to grow tax-free when used for qualified expenses such as apprenticeship programs, trade certification fees, tools, and business startup costs related to qualifying occupations. The bill affects individuals saving for trade careers, states administering the programs, and financial institutions managing the accounts, and includes provisions for rollovers from existing 529 plans and reporting requirements to the IRS. The changes would apply to…

No official summary is available here. This one was written by AI from the bill’s text.

Read the full textRead it on the official site

Where it stands

  1. Introduced (Done)

    Jan 15, 2026

  2. Committee (Current step)

    In committee · Jan 15, 2026

  3. Floor (Not started)

  4. Law (Not started)

What moved

Loading recorded actions…

Who is involved

Sponsors

The lawmakers who put their names on it, lead sponsors first.

Where it goes next

While a bill can still move, the questions are about people and money.

Work with this bill

Jumpstart Savings Act | 52