PIA supports the bipartisan Freedom to Invest in Tomorrow’s Workforce Act (H.R.1477/S.722), sponsored by Sen. Amy Klobuchar (D-MN) and Rep. Rob Wittman (R-VA). This bill would help American workers access the training and credentials necessary to pursue fulfilling careers, including a career as an independent insurance agent.
The Freedom to Invest in Tomorrow’s Workforce Act would expand expenses covered by flexible education investment accounts, called 529 plans, that are exempt from federal taxes if used to pay for certain educational expenses. This expansion would include coverage of professional training and credentialing programs, such as licenses and certifications necessary to enter and grow within the independent insurance agent industry. It would also provide expanded flexibility for the use of 529 plans, easing the ability to pursue career changes or other preferred career pathways.
PIA strongly supports the Freedom to Invest in Tomorrow’s Workforce Act to make postsecondary training and credentialing programs, including those required in the insurance industry, more accessible.
Click here to send a message to your members of Congress urging them to support the Freedom to Invest in Tomorrow’s Workforce Act.