Action Center

Tell your Senators to support the ACE Act
Concerned Women for America Legislative Action Committee (CWALAC) believes families should be able to choose the education method best for them and their children. Yet for many, choosing a public school alternative is simply too expensive. Sen. Mike Lee (R-UT) has introduced a bill to help ease that financial burden.

The Achieving Choice in Education (ACE) Act, S.3520, would expand the usage of 529 savings accounts to private school and homeschool K-12 expenses. It would also double the allowable account distributions from $10,000 per year to $20,000. Additionally, the ACE Act would allow for gifts to 529 accounts to be tax-exempt, something not currently available for 529 deposits. Ultimately, the bill would allow families to use more of their money on the education expenses of their choosing. 

But the Ace Act goes beyond just improving 529 accounts. It would also incentive states to improve their school choice laws. For states with robust school choice laws, the interest on their municipal bonds, often used to fund local projects such as new school buildings, would be 100% tax-exempt. For states with only partial school choice (where 40% of students are eligible for a school choice program), their interest would be 50% tax-exempt. And for those states that don’t offer any kind of school choice to their students, the tax-exempt status of the interest on their bonds would be revoked. 

While recognizing that education is, ultimately, a state and local issue, this bill amends current federal law to support and empower parents, which will have a positive impact overall. Broadening the application of 529s and using federal influence to improve school choice laws are both effective methods to do that. CWALAC is proud to endorse a bill that will improve education in America and the lives of students nationwide. Contact your Senators today and ask them to support Sen. Lee’s ACE Act.

    Message Body
    Suggested Message
    Remaining: 0
  • Hide
    • Please call this number:

      Please do not close this window. You will need to come back to this window to enter your code.
      We just sent an email to ... containing a verification code.

      If you do not see the email within the next five minutes, please ensure you entered the correct email address and check your spam/junk mail folder.
      Enter Your Info
      Your Information
      By providing your mobile number, you agree to receive periodic call to action text messages from Concerned Women for America. Message and data rates may apply. Reply HELP for help. Reply STOP to unsubscribe. Message frequency varies. Privacy Policy  
      Home Information

      Enter Your Info