As noted in previous AHCA/NCAL communications, Congressman Rob Wittman (R-VA-01) re-introduced the bipartisan Freedom to Invest in Tomorrow’s Workforce Act, which would expand qualified expenses under 529 savings plans to include postsecondary training and credentialing, such as licenses and professional certifications, books, and testing costs related to workforce training programs. The bill would provide valuable tax-advantaged resources for families, students and workers—with or without a college degree—who pursue career growth, mid-career changes or pathways that diverge from a typical academic route.
Congressman Wittman and Rep. Steven Horsford (D-NV-04) led the House version of the bill, while Sens. Klobuchar (D-MN) and Roger Marshall (R-KS) led the Senate version. You can read more about the bill re-introduction in Representative Wittman’s press release here.
Most recently, the provisions of this bill were included in the reconciliation package that President Trump signed into law on July 4th of this year. The American Health Care Association and the National Center for Assisted Living (AHCA/NCAL) support this common-sense legislation of the Freedom to Invest in Tomorrow’s Workforce Act which could help to further rebuild the pipeline of long-term care workers. AHCA/NCAL is monitoring implementation of this policy now that it is law and will keep its members apprised of any relevant updates.