H.R.549 - Collegiate Learning and Student Savings Act107th Congress (2001-2002)
|Sponsor:||Rep. Scarborough, Joe [R-FL-1] (Introduced 02/08/2001)|
|Committees:||House - Ways and Means; Financial Services|
|Latest Action:||03/02/2001 Referred to the Subcommittee on Capital Markets, Insurance and Government Sponsored Enterprises, for a period to be subsequently determined by the Chairman. (All Actions)|
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Summary: H.R.549 — 107th Congress (2001-2002)All Bill Information (Except Text)
Collegiate Learning and Student Savings Act - Amends the Internal Revenue Code to: (1) permit private higher educational institutions, in addition to currently permitted State institutions, to establish qualified tuition programs; and (2) exclude from gross income such program distributions used for qualified higher education expenses.
Introduced in House (02/08/2001)
Amends the Investment Company Act of 1940 to exempt qualified tuition programs from the definition of an investment company.