Davis, Danny K. (IL)

#2

Ensures that the important improvements to 529 programs within H.R. 529 will occur without adding to the deficit by making 529 plans available to taxpayers with adjusted gross incomes of $3 million or less.

Nugent (FL)

#1

Removes the penalty associated with disbursing 529 funds for use in paying down student loans, but would not add student loans as a qualifying higher education expense and therefore would not change the taxable nature of such disbursements.