House Passes ‘Family Savings Act’: Savings Plan Bill for Unborn Children Goes to Senate
(Worthy News) – While the nation was riveted with the testimonies of Christine Blasey Ford and Supreme Court nominee Brett Kavanaugh last week, the US House of Representatives was busy passing a legislative package known as “Tax Reform 2.0.”
The legislation included in the package is the Family Savings Act of 2018 (H.R. 6757). US Rep. Mike Kelly (R-PA), a member of the House Ways and Means Committee, introduced it last month. The new legislation contains many of the same provisions as a bipartisan bill previously introduced by Rep. Kelly.
The Family Savings Act gives parents, grandparents or other relatives the opportunity to open a 529 savings plan for an unborn child to begin saving for their future education. [ Source: CBN News (Read More…) ]
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