College Savings Enhancement Act of 2013
Bill journey · stage 2 of 5
Under committee review
What it doesSummary introduced in house (Aug 2, 2013)
College Savings Enhancement Act of 2013 - Directs the Securities and Exchange Commission (SEC) to revise specified regulations so as to include: (1) qualified prepaid tuition programs under the definition of a qualified institutional buyer (with respect to private resales of securities to institutions), and (2) as accredited investors any qualified prepaid tuition programs whose total assets exceed $5 million (with respect to Regulation D, governing the limited offer and sale of securities without registration under the Securities Act of 1933).
Defines, for purposes of such revisions, a "qualified prepaid tuition program" as a qualified tuition program (under which a person may purchase tuition credits or certificates on behalf of a designated beneficiary which entitle the beneficiary to the waiver or payment of the beneficiary's qualified higher education expenses), which is established and maintained by a state or state agency or instrumentality that satisfies certain other requirements of the Internal Revenue Code.
What just happenedAug 2, 2013
Referred to the House Committee on Financial Services.
Who’s behind it
- Introduced in HouseAug 2, 2013
- Aug 2, 2013IntroReferralH11100
Referred to the House Committee on Financial Services.
- Aug 2, 2013IntroReferralIntro-H
Introduced in House
- Aug 2, 2013IntroReferral1000
Introduced in House