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S. 2206

U.S. Senate•In Senate Committee

Summary

S. 2206, a bill to amend the Internal Revenue Code of 1986 to increase the limitation on distributions from 529 accounts for qualified higher education expenses, was introduced in the Senate on Jun 30, 2025 by Sen. Eric Schmitt (R). It was referred to Finance, and last saw action on Jun 30, 2025: Read twice and referred to the Committee on Finance.

Record

Text

S. 2206 has no co-sponsors and has not gone to a roll call.

sb2206/introduced-in-senate.txt
119 S2206 IS: To amend the Internal Revenue Code of 1986 to increase the limitation on distributions from 529 accounts for qualified higher education expenses.
 U.S. Senate
 2025-06-30
 text/xml
 EN
 Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.
 II  119th CONGRESS  1st Session  S. 2206  IN THE SENATE OF THE UNITED STATES   June 30, 2025   Mr. Schmitt  introduced the following bill; which was read twice and referred to the  Committee on Finance    A BILL
To amend the Internal Revenue Code of 1986 to increase the limitation on distributions from 529 accounts for qualified higher education expenses.
1.
Increase in limitation for qualified higher education expenses from 529 accounts
(a)
In general
The last sentence of  section 529(e)(3)  of the Internal Revenue Code of 1986 is amended by striking  $10,000  and inserting  $20,000 .
(b)
Effective date
The amendment made by this section shall apply to taxable years beginning after December 31, 2025.

Tracker

The tracker indicates the progress of this legislation as it moves through the legislative process.

  1. Introduced2025-06-30
  2. Passed Senate
  3. Passed House
  4. Conference
  5. To President
  6. Became Law

A bill to amend the Internal Revenue Code of 1986 to increase the limitation on distributions from 529 accounts for qualified higher education expenses.

Sponsors

Sen. Eric Schmitt (R) sponsors S. 2206 alone.

Eric Schmitt

Sen. · R–MO · Sponsor

Committees

S. 2206 went before 1 committee: Finance.

Finance
Finance
Referred To · Jun 30, 2025 · 902 Bills

Actions

S. 2206 has taken 2 actions since Jun 30, 2025.

ChamberAction
Jun 30, 2025
Senate
Read twice and referred to the Committee on Finance.Finance Committee
Jun 30, 2025
—
Introduced in Senate

Votes

S. 2206 has not gone to a roll call.

Titles

S. 2206 goes by 2 titles.

  • A bill to amend the Internal Revenue Code of 1986 to increase the limitation on distributions from 529 accounts for qualified higher education expenses. — Official Title as Introduced
  • A bill to amend the Internal Revenue Code of 1986 to increase the limitation on distributions from 529 accounts for qualified higher education expenses. — Display Title

Classification

The Congressional Research Service files S. 2206 under Taxation, one of its 31 policy areas.

CRS Subjects

CRS assigns every bill one policy area from its 31; S. 2206’s is Taxation.

s2206/policy-areas.txt
TaxationAgriculture and FoodAnimalsArmed Forces and National SecurityArts, Culture, ReligionCivil Rights and Liberties, Minority IssuesCommerceCongressCrime and Law EnforcementEconomics and Public FinanceEducationEmergency ManagementEnergyEnvironmental ProtectionFamiliesFinance and Financial SectorForeign Trade and International FinanceGovernment Operations and PoliticsHealthHousing and Community DevelopmentImmigrationInternational AffairsLabor and EmploymentLawNative AmericansPublic Lands and Natural ResourcesScience, Technology, CommunicationsSocial WelfareSports and RecreationTransportation and Public WorksWater Resources Development

Source: congress.gov · legiscan.com