April 29,2015

Press Contact:

Aaron Fobes, Julia Lawless (202)224-4515

Hatch Applauds Committee Passage of 529 College Savings Bill

WASHINGTON – Senate Finance Committee Chairman Orrin Hatch (R-Utah) today issued the following statement praising committee passage of S. 335, a bipartisan bill to strengthen 529 college savings plans, which was reported out of the Finance Committee unanimously:  

“The challenges of paying for a college education can be extremely daunting. Thankfully, 529 college savings plans have served as a critical tool for hardworking families, helping to ease the burden of paying for higher education. Today, the Finance Committee built upon this success and took action to expand these plans and keep them tax free.” Hatch said.  “By promoting savings through the tax code, we can help American families better plan for their futures.  We were able to report out this common-sense measure with a unanimous bipartisan vote, and I look forward to working with my colleagues in Congress to ensure this bill is enacted into law.”