S. 1244 · Where this bill is now
In committee
Introduced in the Senate, Apr 1, 2025
What this bill does
In plain words · AI-written from the official summaryEducation savings accounts for military children
This bill would direct the Department of Education to create special savings accounts for dependent children of parents who are on active duty in the military. The accounts would be tax-exempt, meaning the money grows without being taxed. Families could use the funds to cover educational expenses like private school tuition, tutoring, college costs, or vocational training programs.
How it affects you
Military families with children on active duty would benefit directly, as they'd have a new way to save and pay for education without tax penalties. For most other families, this doesn't create a direct change.
Read the official summary (Introduced in Senate, Apr 1, 2025)
Education Savings Accounts for Military Families Act of 2025
This bill directs the Department of Education (ED) to establish a program to provide children with parents on active duty in the uniformed services with funds to pay educational expenses.
Specifically, ED must establish a tax-exempt Military Education Savings Account for dependent children of parents in the uniformed services for the payment of the children's educational expenses. Funds in the savings account may be used for specified purposes, including the cost of attendance at a private elementary or private secondary school or institution of higher education, private tutoring, or costs associated with an apprenticeship or other vocational training program.
Written by AI (Claude) using only the official summary by the Congressional Research Service, the Library of Congress’s nonpartisan research staff. It can miss nuance, so check the official summary and the bill text for details.
1st SessionS. 1244
A BILL
Education Savings Accounts for Military Families Act of 2025
Sponsor: Sen. Ted Cruz (R-TX) · Introduced Apr 1, 2025 · Education · 1 version of the text
Sources: Congress.gov actions and votes · bill text from GovInfo · latest official action Apr 1, 2025: “Read twice and referred to the Committee on Finance.”