WASHINGTON - Yesterday, Rep. Lynn Jenkins (R-KS) and Rep. Ron Kind (D-WI) introduced H.R. 529, legislation that will help encourage low- and moderate-income families to take advantage of 529 plans to help save for college.  This bi-partisan bill establishes a modest new employer-matching program, allows 529 funds to pay for computers, an essential tool for today’s college students, and provides greater flexibility to manage 529 investments.  Rep. Jenkins and Rep. Kind issued the following statements:

“H.R. 529 is a significant step in making higher education a real choice for all Americans.  Saving for our children’s college education is one of the most important, and at times, most difficult aspects of being a parent.  This commonsense, bi-partisan legislation will make the college savings process easier for everyone,” said Rep. Lynn Jenkins.   “The first priority of this Congress must be getting Americans back to work, and in the 21st Century job market this will often require a college degree. It is my hope that Congress will quickly pass this measure so all our children will have a chance to compete in today’s global marketplace.”

“This bill helps address our nation’s expanding need for accessible and affordable education,” said Rep. Ron Kind.  “Encouraging long-term investment through employer matching programs in 529 college savings plans will give every student an opportunity – regardless of their circumstances – to put a college education within reach. In order to compete in today’s global economy, we must continue to pursue these kind of policies that allow higher education to remain within the means of all those who wish to take part.”

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