A Republican bill with 2 Democratic cosponsors · See all 14 cosponsors
Last activity — Referred to the House Committee on Ways and Means.
In committee
Introduced and handed to a committee in the chamber it started in.
The committee holds it, and most bills are never heard from again. A hearing or a committee vote would be news; silence is the usual outcome, and it kills the bill without anyone voting against it.
Its path through Congress
- Introduced
- In Committee
What this bill would do
The Jumpstart Savings Act aims to amend the Internal Revenue Code of 1986 to create Jumpstart Programs. These programs are established by a State or its agencies to allow people to contribute money toward specific occupational expenses. The funds can be used for things like apprenticeships, community college, or business startup costs. The bill provides tax exemptions for these programs and allows for rollovers from qualified tuition programs. These changes are intended to help people save for trades and professions. The new rules would take effect for taxable years starting after December 31, 2025.
Yes· 3 of 11
- Scored +5
Would people in their twenties and thirties be better off under this?
The bill provides significant support for vocational training and business startups common among younger demographics.
- Scored +5
Would business owners be better off under this?
The bill supports the costs of establishing and operating new businesses.
- Scored +5
Would students be better off under this?
The bill expands options for funding vocational, community college, and apprenticeship expenses.
The opposite
No question was scored the opposite.
Who it would affect, and how
Potential Positive Impacts for People
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Tax Advantages for Savings: Jumpstart Programs would be exempt from taxation under the specified subtitle, which helps people save more effectively for their goals (Section 2(a)).
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Support for Apprenticeships: The bill allows funds to be used for completing apprenticeship programs registered and certified with the Department of Labor (Section 2(c)(1)).
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Education and Skill Building: People can use these accounts for tuition, fees, books, supplies, and equipment for associate degrees or certification programs at community and technical colleges (Section 2(c)(2)).
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Professional Licensing: The program covers fees required for the necessary certification or licensure to practice a trade or occupation (Section 2(c)(3)).
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Tool and Equipment Acquisition: Funds can be used to purchase tools and equipment required for the normal practice of a trade or occupation (Section 2(c)(4)).
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Business Startup Assistance: The bill allows for the use of funds to cover costs necessary to establish a business in a State where the beneficiary will practice their occupation or profession (Section 2(c)(5)).
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Flexibility with Existing Savings: Individuals can roll over funds from qualified tuition programs into a Jumpstart Program (Section 2(b)).
Potential Negative Impacts for People
- Taxation on Unrelated Income: While the programs themselves are exempt from certain taxes, they remain subject to taxes imposed regarding unrelated business income of charitable organizations (Section 2(a)).
Groups and Interests Ranking
Every group the model scored this bill for, from -10 to +10. Tap or hover a score for the reason it gave.
- Demographic And Interest Groups
- Would business owners be better off under this? — The bill supports the costs of establishing and operating new businesses. Would students be better off under this? — The bill expands options for funding vocational, community college, and apprenticeship expenses. Would people in their twenties and thirties be better off under this? — The bill provides significant support for vocational training and business startups common among younger demographics. Would households on low incomes be better off under this? — The tax-advantaged savings accounts help lower-income individuals fund essential vocational training and tools. Would middle-income households be better off under this? — The bill offers tax-exempt ways to save for professional development and business costs.
- Economy And Finance
- Does this make it easier to run a small business? — The bill allows funds to be used for costs necessary to establish a new business. Does this cut taxes for middle-income families? — The bill creates tax-exempt Jumpstart Programs to assist with occupational and educational expenses. Is this likely to grow the economy? — The bill encourages entrepreneurship and skill acquisition which can drive economic activity. Is this likely to create jobs? — By subsidizing apprenticeship and trade training, the bill supports entry into the workforce.
- Education And Technology
- Does this make college cost less? — The bill provides tax advantages for paying tuition and fees at community and technical colleges.
- Social Issues And Justice
- Is this likely to lift people out of poverty? — The bill helps individuals gain marketable skills and start businesses to improve their financial standing.
- 8/31/2026
- 1 Cosponsor added.
- 8/24/2026
- 1 Cosponsor added.
- 2/11/2026
- 1 Cosponsor added.
- 2/9/2026
- 1 Cosponsor added.
- 2/4/2026
- 2 Cosponsors added.
- 2/3/2026
- 1 Cosponsor added.
- 1/23/2026
- 1 Cosponsor added.
- 1/16/2026
- 2 Cosponsors added.
- 1/15/2026
- Referred to the House Committee on Ways and Means.
- 4 Cosponsors added.
- Introduced in House
Tim BurchettRepublican · Tennessee
Juan CiscomaniRepublican · Arizona
Rosa DeLauroDemocrat · Connecticut
Mike FloodRepublican · Nebraska
Brad FinstadRepublican · Minnesota
Marie PerezDemocrat · Washington
Craig GoldmanRepublican · Texas
Brandon GillRepublican · Texas
Ashley HinsonRepublican · Iowa
Barry MooreRepublican · Alabama
Burgess OwensRepublican · Utah
Michael RulliRepublican · Ohio
Jefferson ShreveRepublican · Indiana
Tony WiedRepublican · Wisconsin