H.R. 529 - To amend the Internal Revenue Code of 1986 to improve 529 plans.

Bill Text

    Text of H.R. 529 PDF XML

    To amend the Internal Revenue Code of 1986 to improve 529 plans. (as introduced)
           ::  H.R. 529 (as reported)  PDF XML

    H. Rept. 114-25 PDF

    Report from the Committee on Ways and Means

Rule Information

COMMITTEE ACTION:
REPORTED BY VOICE VOTE on Tuesday, February 24, 2015.

FLOOR ACTION ON H. RES. 121:
Agreed to by record vote of 243-178, after agreeing to the previous question by record vote of 241-181, on Wednesday, February 25, 2015
 

MANAGERS: Woodall/Hastings

1. Closed rule for H.R. 529.

2. Provides one hour of debate equally divided and controlled by the chair and ranking minority member of the Committee on Ways and Means.

3. Waives all points of order against consideration of the bill.

4. Provides that the amendment in the nature of a substitute recommended by the Committee on Ways and Means now printed in the bill shall be considered as adopted and the bill, as amended, shall be considered as read.

5. Waives all points of order against provisions in the bill, as amended.

6. Provides one motion to recommit with or without instructions.

7. Section 2 provides a general debate rule for H.R. 5.

8. Provides one hour of general debate equally divided and controlled by the chair and ranking minority member of the Committee on Education and the Workforce.

9. Waives all points of order against consideration of the bill.

10. Provides that no further consideration of the bill shall be in order except pursuant to a subsequent order of the House.

11. Section 3 waives the requirement of clause 6(a) of rule XIII (requiring a two-thirds vote to consider a rule on the same day it is reported from the Rules Committee) with respect to any resolution reported through the legislative day of March 2, 2015, relating to a measure making or continuing appropriations for the Department of Homeland Security for the fiscal year ending September 30, 2015.

12. Section 4 provides that it shall be in order at any time through the calendar day of March 1, 2015, for the Speaker to entertain motions that the House suspend the rules relating to a measure making or continuing appropriations for the Department of Homeland Security for the fiscal year ending September 30, 2015.

Amendments (click headers to sort)

#Version #Sponsor(s)PartySummaryStatus
2Version 1Davis, Danny K. (IL)DemocratEnsures that the important improvements to 529 programs within H.R. 529 will occur without adding to the deficit by making 529 plans available to taxpayers with adjusted gross incomes of $3 million or less. Submitted
1Version 1Nugent (FL)RepublicanRemoves the penalty associated with disbursing 529 funds for use in paying down student loans, but would not add student loans as a qualifying higher education expense and therefore would not change the taxable nature of such disbursements.Submitted

Committee Votes

Rules Committee Record Vote No. 26

Motion by Ms. Slaughter to make in order and provide the appropriate waivers for amendment #2 to H.R. 529, offered by Rep. Davis (IL), which ensures that the important improvements to 529 programs within H.R. 529 will occur without adding to the deficit by making 529 plans available to taxpayers with adjusted gross incomes of $3 million or less.  Defeated: 4–6

Majority Member
Vote
Ms. Foxx
Nay
Mr. Cole
Nay
Mr. Woodall
Nay
Mr. Burgess
Nay
Mr. Stivers
No Vote
Mr. Collins
Nay
Mr. Sessions, Chairman
Nay
Minority Member
Vote
Ms. Slaughter
Yea
Mr. McGovern
Yea
Mr. Hastings
Yea
Mr. Polis
Yea