II
119th CONGRESS
2d Session
S. 5550
IN THE SENATE OF THE UNITED STATES
September 24, 2026
Mr. Cruz (for himself and Ms. Blunt Rochester) introduced the following bill; which was read twice and referred to the Committee on Finance
A BILL
To amend the Internal Revenue Code of 1986 to eliminate the aggregate limitation on rollovers from a 529 program to a Roth IRA.
Short title
This Act may be cited as the 529 Retirement Enhancement Act of 2026
.
Elimination of aggregate limitation on 529 rollovers to Roth IRA
In general
Clause (ii) of section 529(c)(3)(E) of the Internal Revenue Code of 1986 is amended—
by striking subclause (II), and
by striking Limitations.—
and all that follows through Clause (i) shall only apply
and inserting Annual limitation.—Clause (i) shall only apply
.
Effective date
The amendments made by this section shall apply to distributions made in taxable years beginning after the date of the enactment of this Act.