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Sen. Cruz: Student Empowerment Act Analyzed by CRS

Bailey Malota

WASHINGTON, Sept. 16 -- The Student Empowerment Act (S. 152), introduced by Sen. Ted Cruz, R-TX, on January 20, 2025, has been analyzed by the Congressional Research Service. This legislation seeks to broaden the scope of allowable expenses that can be funded through tax-free distributions from 529 plans, also known as qualified tuition programs, to include educational costs associated with elementary, secondary, and homeschool education.

Currently, 529 plans primarily cover qualifi . . .

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