529 Retirement Enhancement Act of 2026

[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[S. 5550 Introduced in Senate (IS)]

<DOC>

119th CONGRESS
  2d Session
                                S. 5550

 To amend the Internal Revenue Code of 1986 to eliminate the aggregate 
       limitation on rollovers from a 529 program to a Roth IRA.

_______________________________________________________________________

                   IN THE SENATE OF THE UNITED STATES

                           September 24, 2026

Mr. Cruz (for himself and Ms. Blunt Rochester) introduced the following 
  bill; which was read twice and referred to the Committee on Finance

_______________________________________________________________________

                                 A BILL

 
 To amend the Internal Revenue Code of 1986 to eliminate the aggregate 
       limitation on rollovers from a 529 program to a Roth IRA.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``529 Retirement Enhancement Act of 
2026''.

SEC. 2. ELIMINATION OF AGGREGATE LIMITATION ON 529 ROLLOVERS TO ROTH 
              IRA.

    (a) In General.--Clause (ii) of section 529(c)(3)(E) of the 
Internal Revenue Code of 1986 is amended--
            (1) by striking subclause (II), and
            (2) by striking ``Limitations.--'' and all that follows 
        through ``Clause (i) shall only apply'' and inserting ``Annual 
        limitation.--Clause (i) shall only apply''.
    (b) Effective Date.--The amendments made by this section shall 
apply to distributions made in taxable years beginning after the date 
of the enactment of this Act.
                                 <all>