Bill To Allow Use of 529 Funds for Advisor Credential Courses Gains More Support
Bipartisan legislation that would allow the use of funds from 529 college savings plans to finance education and training for professional designations, including financial advisor credentials, is gaining traction. Nine House members recently joined the bill as co-sponsors, bringing the total number of cosponsors to 53, most of whom have joined the bill since the beginning of the summer. The legislation was introduced in March by Rep. Robert J. Wittman (R-Va.), with Rep. Abigail Spanberger (D-Va.) signing on as the original co-sponsor. In March, Sen. Amy Klobuchar, (D-Minn.) introduced the Senate's version of the bill, which has eight bipartisan cosponsors. A coalition of more than 500 trade associations is backing the bill.
Read the full article on InvestmentNews