# 119-hr-750: ACE Act

119-hr-750, ACE Act, is a 119th Congress bill sponsored by Rep. Burlison, Eric [R-MO-7] (R-MO); status introduced; PRIA reads it as touching household money (as of 2026-04-21).

- Canonical: https://policyrisk.com/legislation/119-hr-750
- As of: 2026-04-21
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 119-hr-750
- Congress: 119
- Title: ACE Act
- Status: introduced
- Introduced: 2025-01-28
- Sponsor: Rep. Burlison, Eric [R-MO-7] (R-MO)
- Cosponsors: 5
- Policy area: Taxation
- Touches household money: yes
- Last recorded action: 2026-04-21

## Summary

**Expands 529 college-savings accounts to pay for a wide range of K–12 expenses.** The bill would also raise the K–12 distribution cap, tweak gift-tax treatment for 529 contributions, and tie some tax-exempt bond benefits to state school-choice rules. - Families with elementary and secondary students would be able to use 529 funds for tuition, curriculum, books, online materials, tutoring (with tutor qualifications), fees for standardized and college-admission tests, dual enrollment, and many homeschool costs. The bill would raise the K–12 distribution cap from $10,000 to $20,000 for taxable years after December 31, 2024. - Homeschooling households are explicitly covered because the rules apply whether the student is treated as a homeschool or a private school under state law. - Households with children who have disabilities would be able to use 529 money for licensed educational therapies such as occupational, behavioral, physical, and speech-language therapy. - Donors would get a new gift-tax rule that effectively increases the annual gift tax exclusion for contributions to 529 plans by up to $20,000 per beneficiary for gifts made after December 31, 2024. - State governments and municipal bond markets would face new conditions. The bill would limit the federal tax exemption for interest on certain tax-exempt bonds unless a state meets a “minimum school choice” test: the state must have at least one school-choice program, make at least 40% of specified children eligible for such programs, and spend at least 60% per eligible child compared with noneligible children. Bonds from nonqualifying issuers would face a 50 percent reduction in the exemption.

## Cosponsors (5)

- Rep. Harris, Andy [R-MD-1] (R-MD), 2025-01-28T00:00:00.000Z
- Rep. Mann, Tracey [R-KS-1] (R-KS), 2025-01-28T00:00:00.000Z
- Rep. Weber, Randy K. Sr. [R-TX-14] (R-TX), 2025-01-28T00:00:00.000Z
- Rep. Carter, John R. [R-TX-31] (R-TX), 2025-01-28T00:00:00.000Z
- Rep. Bost, Mike [R-IL-12] (R-IL), 2025-10-17T00:00:00.000Z

## Provisions PRIA read

- More 529 plan help for families: benefit, high. If enacted, you could use a 529 college savings plan to pay many K–12 and homeschool costs. Eligible costs would include tuition, curriculum and books, online materials, certain tutoring, test and dual-enrollment fees, and licensed educational therapy. You could withdraw up to $20,000 per year tax-…
- Limits on tax-free municipal bonds: cost, high. If enacted, federal tax-free status for interest on many state and local bonds would be limited for bonds issued after enactment. Only bonds issued by a "minimum school choice State" or its subdivisions would qualify for the full exemption. A State meets the minimum test if the Secretary finds at l…

## Related bills

- 119-hr-21: Born-Alive Abortion Survivors Protection Act
- 119-hr-987: Fair Access to Banking Act
- 119-hr-7651: Chloe Cole Act of 2026
- 119-hr-404: Hearing Protection Act
- 119-hr-1301: Death Tax Repeal Act
- 119-hr-425: Repealing Big Brother Overreach Act

## Sources
- [119-hr-750 on Congress.gov](https://www.congress.gov/bill/119th-congress/house-bill/750)

## Related
- [119-hr-21: Born-Alive Abortion Survivors Protection Act](https://policyrisk.com/legislation/119-hr-21)
- [119-hr-987: Fair Access to Banking Act](https://policyrisk.com/legislation/119-hr-987)
- [119-hr-7651: Chloe Cole Act of 2026](https://policyrisk.com/legislation/119-hr-7651)
- [119-hr-404: Hearing Protection Act](https://policyrisk.com/legislation/119-hr-404)
- [119-hr-1301: Death Tax Repeal Act](https://policyrisk.com/legislation/119-hr-1301)
- [119-hr-425: Repealing Big Brother Overreach Act](https://policyrisk.com/legislation/119-hr-425)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/119-hr-750 (as of 2026-04-21).