H.R.549 - Collegiate Learning and Student Savings Act107th Congress (2001-2002)
Summary: H.R.549 — 107th Congress (2001-2002)
Collegiate Learning and Student Savings Act - Amends the Internal Revenue Code to: (1) permit private higher educational institutions, in addition to currently permitted State institutions, to establish qualified tuition programs; and (2) exclude from gross income such program distributions used for qualified higher education expenses.
Introduced in House (02/08/2001)
Amends the Investment Company Act of 1940 to exempt qualified tuition programs from the definition of an investment company.