S5550Referred to Committee

529 Retirement Enhancement Act of 2026

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Introduced
In Committee
3
Passed One Chamber
4
Passed Both
5
Signed into Law
119th
Congress
2026-09-24
Introduced
1
Cosponsors
S
ⓘ
Type

Sponsor

Ted Cruz
Ted Cruz
Republican · TX · Senator
Votes with party: 75.7% (868 recorded votes)
Top industries funding sponsor:
  • Conservative Groups$464k

Full profile: /officials/C001098

Source: Congress.gov · FEC

Cosponsors (1)

Members who have signed on to support this bill since introduction. Source: Congress.gov.

Latest Action

The most recent step in the bill's legislative path. Committee Activity below shows referrals and reports; the full action-by-action history including floor proceedings lives at Congress.gov →

Read twice and referred to the Committee on Finance.

2026-09-24

Source: Congress.gov

Committee Activity

Currently in

Plain-English Summary

Plain-English summary pending. Introduced on 2026-09-24. Check back soon — summaries are generated as bills progress through Congress.

Subjects

Taxation

Full Bill Text

Verbatim text published on Congress.gov via GovInfo. Use Cmd+F / Ctrl+F to search within this excerpt.

[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>
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