S.Amdt. 1607

SA 1607. Mr. GARDNER submitted an amendment intended to be proposed
by him to the bill H.R. 1, to provide for reconciliation pursuant to
titles II and V of the concurrent resolution on the budget for fiscal
year 2018; which was ordered to lie on the table; as follows:

At the end of part IV of subtitle A of title I, insert the
following:

SEC. 11033. CONSOLIDATION OF EDUCATION SAVINGS RULES.

(a) No New Contributions to Coverdell Education Savings
Accounts.--Section 530(b)(1)(A) is amended--
(1) by striking ``or'' at the end of clause (ii),
(2) by striking the period at the end of clause (iii) and
inserting ``, or'', and
(3) by adding at the end the following new clause:
``(iv) except in the case of rollover contributions, after
December 31, 2017.''.
(b) Rollovers From Coverdell Education Savings Accounts to
Qualified Tuition Programs.--Section 530(d)(5) is amended--
(1) by inserting ``or a qualified tuition program (as
defined in section 529(b))'' after ``into another Coverdell
education savings account'', and
(2) by inserting ``(by purchase or contribution)'' after
``is paid''.
(c) Distributions From Qualified Tuition Programs for
Certain Expenses Associated With Registered Apprenticeship
Programs.--Section 529(e)(3) is amended by adding at the end
the following new subparagraph:
``(C) Certain expenses associated with registered
apprenticeship programs.--The term `qualified higher
education expenses' shall include books, supplies, and
equipment required for the enrollment or attendance of

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a designated beneficiary in an apprenticeship program
registered and certified with the Secretary of Labor under
section 1 of the National Apprenticeship Act (29 U.S.C.
50).''.
(d) Special Rules for 529 Programs With Respect to
Elementary and Secondary Tuition and Qualified Early
Education Expenses.--Section 529(e)(3), as amended by
subsection (c), is amended by adding at the end the following
new subparagraph:
``(D) Special rules permitting limited treatment of
elementary and secondary tuition and qualified early
education expenses.--
``(i) In general.--Except as provided in clause (ii)--

``(I) expenses for tuition in connection with enrollment or
attendance at an elementary or secondary public, private, or
religious school, and
``(II) qualified early education expenses,

shall be treated as qualified higher education expenses.
``(ii) Limitation.--If the aggregate amount of cash
distributions from all qualified tuition programs described
in subsection (b)(1)(A)(ii) with respect to a beneficiary for
expenses described in clause (i) during any taxable year
exceeds $10,000, such excess shall be treated for purposes of
subsection (c)(3) as distributions in excess of the qualified
higher education expenses of the beneficiary.
``(iii) Qualified early education expenses.--For purposes
of this subparagraph, the term `qualified early education
expenses' means expenses for providing educational and other
care to a child under age 5, as determined under the law of
the State, pursuant to attendance at a school or facility
licensed in the State for such purpose.''.
(e) Deduction for Contributions for Elementary and
Secondary Tuition and Qualified Early Education Expenses.--
Section 529(e)(3)(D), as added by subsection (d), is amended
by adding at the end the following new clause:
``(iv) Deduction for contributions.--There shall be allowed
a deduction, as if allowed under part VI of subchapter A, in
an amount equal to any contribution made during the taxable
year to a qualified tuition program described in subsection
(b)(1)(A)(ii) which is designated for the qualified early
education expenses of a beneficiary, except that the
aggregate of the amounts taken into account with respect to
the same beneficiary shall not exceed $10,000.''.
(f) Career and Technical Education Expenses.--Section
529(e)(3), as amended by subsections (c) and (d), is amended
by adding at the end the following new subparagraph:
``(E) Treatment of career and technical education
expenses.--Such term shall include expenses for books,
supplies, and equipment required for enrollment or attendance
of a designated beneficiary in a career and technical
education program (as defined in section 3 of the Carl D.
Perkins Career and Technical Education Act of 2006 (20 U.S.C.
2302)).''.
(g) Industry Intermediary Education Expenses.--Section
529(e)(3), as amended by the preceding subsections, is
amended by adding at the end the following new subparagraph:
``(F) Treatment of industry intermediary education
expenses.--
``(i) In general.--Such term shall include expenses for
books, supplies, and equipment required for enrollment or
attendance of a designated beneficiary in an industry
intermediary education program.
``(ii) Industry intermediary education program.--For
purposes of this subparagraph, the term `industry
intermediary education program' means any entity that--

``(I) in order to accelerate apprenticeship program
development and help establish new apprenticeship
partnerships at the national, State, or regional level,
serves as a conduit between an employer and an entity, such
as an industry partner, the Department of Labor, or a State
agency responsible for workforce development programs,
``(II) demonstrates a capacity to work with employers and
other key partners to identify workforce trends and foster
public-private funding to establish new apprenticeship
programs, and
``(III) is a business, a consortium of businesses, a
business-related nonprofit organization (including industry
associations and business federations), a private
organization functioning as a workforce intermediary for the
express purpose of serving the needs of businesses (including
community-based nonprofit service providers and industry-
aligned training providers), or a consortium of any of such
entities.''.

(h) Effective Date.--The amendments made by this section
shall apply to contributions made and distributions paid
after December 31, 2017.
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