United States · Bill · S
S. 3520 (118th)
ACE Act
Introduced
14 December 2023
Last action
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Status
Read twice and referred to the Committee on Finance.
Sponsors
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Subjects
Discovery layer
Source updated
5 December 2025
Summary
Achieving Choice in Education Act or the ACE Act This bill modifies provisions of qualified tuition programs (i.e., 529 plans) and provides other tax incentives to promote education. Specifically, the bill expands the definition of qualified higher education expense to include tuition, books or instructional material, fees, and educational therapies for disabled students. It also increases to $20,000 the limitation on distributions from 529 plans for elementary and secondary school expenses. Further, the bill provides for an increased gift tax exclusion for contributions to 529 plans and limits tax-exempt bond financing to states that implement school choice laws.
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Votes
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Versions
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Documents
3 official files
Introduced in Senate (text)
Introduced in Senate (text)
Introduced in Senate · EN · 14 December 2023
Introduced in Senate (PDF)
Introduced in Senate · EN · 14 December 2023
Introduced in Senate
summary · EN · 14 December 2023
Sponsors
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Related records
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Sources
PoliticalRepo is an index and interpretation layer, not the authoritative legal source.
- Official source: https://www.congress.gov/bill/118th-congress/senate-bill/3520
- Open data entity: https://api.congress.gov/v3/bill/118/s/3520