HR 37

112th CONGRESS
1st Session

H. R. 37

To amend the Internal Revenue Code of 1986 to improve and expand education savings accounts.

IN THE HOUSE OF REPRESENTATIVES

January 5, 2011

Mrs. BIGGERT introduced the following bill; which was referred to the Committee on Ways and Means


A BILL

To amend the Internal Revenue Code of 1986 to improve and expand education savings accounts.

SECTION 1. SHORT TITLE.

SEC. 2. EXTENSION OF DATE FOR SUNSET OF CERTAIN EDUCATION SAVINGS INCENTIVES.

SEC. 3. DISTRIBUTIONS FROM EDUCATION SAVINGS ACCOUNTS FOR FIRST HOME PURCHASES TREATED AS QUALIFIED DISTRIBUTIONS.

SEC. 4. ROLLOVERS FROM EDUCATION SAVINGS ACCOUNTS TO ROTH IRAS.

SEC. 5. RENAMING COVERDELL EDUCATION SAVINGS ACCOUNTS AS 401KIDS SAVINGS ACCOUNTS.

`SEC. 530. 401KIDS SAVINGS ACCOUNTS.'.

END