HR8714Referred to Committee

To amend the Internal Revenue Code of 1986 to establish skill savings accounts.

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Introduced
In Committee
3
Passed One Chamber
4
Passed Both
5
Signed into Law
119th
Congress
2026-05-07
Introduced
1
Cosponsors
HR
Type

Latest Action

Referred to the House Committee on Ways and Means.

2026-05-07

Committee Activity

Currently in

Bill Summary

The proposal would create special savings accounts that workers can use to set aside money for job training, education, and skill-building programs without paying taxes on the earnings in those accounts. These accounts would help people pay for courses, certifications, and other training to advance their careers or switch to new fields. Workers would get a tax break on the money they save for these purposes, making it more affordable to invest in their own professional development.

Read the full bill text