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HR6272119th CongressWALLET
Early Education Savings Program Act
Sponsored By: Representative McDonald Rivet, Kristen [D-MI-8]
Introduced
Summary
Would let families use 529 college savings accounts to pay for certain licensed child care for children under five. It treats qualifying early-childhood care as a 529 "qualified higher education expense."
Show full summary
- Parents could use 529 savings to pay for eligible child care for a designated beneficiary under age five, subject to the bill's rules.
- Qualifying care includes center-based providers, family child care providers, or other regularly compensated providers who are not related to all the children and who are licensed, regulated, or registered under state law.
- Expands the definition of qualified 529 expenses so distributions can cover those child care payments. The change would apply to expenses paid or incurred after enactment.
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Bill Overview
Analyzed Economic Effects
1 provisions identified: 1 benefits, 0 costs, 0 mixed.
Parents could use 529s for child care
If enacted, you could use a 529 plan to pay for child care for a child under age 5. The provider would need to be paid on a regular basis, not related to all children served, and licensed, regulated, or registered by your state. Only expenses paid or incurred after enactment would qualify. These withdrawals would count as qualified, so they would be tax-free under normal 529 rules.
Sponsors & CoSponsors
Sponsor
McDonald Rivet, Kristen [D-MI-8]
MI • D
Cosponsors
Rep. Hinson, Ashley [R-IA-2]
IA • R
Sponsored 11/21/2025
Roll Call Votes
No roll call votes available for this bill.
View on Congress.gov