Section 3 of H.R. 8915 encompasses ASAE’s top federal legislative priority, the Freedom to Invest in Tomorrow’s Workforce Act (H.R. 1477 / S. 722), which would permit beneficiaries of 529 savings accounts to use their account funds to cover costs associated with workforce training and both obtaining and maintaining high-quality postsecondary credentials, such as professional certifications and occupational licenses.

The bill would provide valuable tax-advantaged resources for families, students and workers—with or without a college degree—who pursue career growth, mid-career changes or pathways that diverge from a typical academic route.

“ASAE and its Tomorrow’s Workforce Coalition – now with more than 810 member organizations – are extremely grateful to the Ways & Means Committee for approving H.R. 8915, said ASAE President and CEO Michelle Mason, FASAE, CAE. This important legislation would help strengthen countless careers and the entire economy, which is why we strongly support the bill’s provisions enabling people to pursue workforce training and credentialing – this legislation can shift the 529-paradigm from “college savings plans” to “career savings plans.””

S. 722 also continues to build support, with 24 bipartisan cosponsors in the Senate.

MEDIA CONTACT: Chris Vest, CAE, 202-626-2798, cvest@asaecenter.org

About ASAE

ASAE is a membership organization of more than 50,000 association executives and industry partners. Since it was established 100 years ago, its members have and continue to lead, manage, and work in or partner with organizations in more than a dozen association management disciplines, from executive management to finance to technology. With the support of the ASAE Research Foundation, a separate nonprofit entity, ASAE is the premier source of learning, knowledge, and future-oriented research for the association and nonprofit profession and provides resources, education, ideas, and advocacy to enhance the power and performance