NECA continues to make headway on Capitol Hill as another one of NECA’s top legislative priorities, allowing 529 savings plans to be used in apprenticeship programs, passed through the House of Representatives on May 23, 2019. The provisions were included as part of a larger legislative package making the most significant changes in retirement savings policy in more than a decade.
The bill passed the house on two prior occasions last Congress only to have the Senate fail to act on the legislation. This new version is expected to be considered by the Senate in the next several weeks.