Skills Investment Act of 2025
In committee: it can still change before the session ends.
- Stage
- In committee
- Started in
- House
- Sponsors
- 7
- Latest action
- Jan 15, 2025
What it does
The Skills Investment Act of 2025 would rename Coverdell education savings accounts as Coverdell lifelong learning accounts and expand their use to include qualified skill development expenses such as workforce training, career and technical education, career services, youth workforce activities, adult education, and related costs like transportation, testing, and technology. It would remove age limits for contributions (raising the cutoff from age 18 to 70), increase contribution limits for beneficiaries over 30 to $4,000 annually, impose a $10,000 account balance cap after age 30, and prohibit beneficiary changes after age 30 unless the original beneficiary is under 30. The bill also…
No official summary is available here. This one was written by AI from the bill’s text.
Where it stands
Introduced (Done)
Committee (Current step)
Floor (Not started)
Law (Not started)
What moved
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.