introduced the bipartisan Skill Savings Account Act. This bill creates skill savings accounts for workers of all ages to use for education expenses including workforce development and nontraditional learning opportunities. Skill savings accounts allow for tax-free contributions from employers, workers, community investment organizations, family and friends, government agencies, and tax authorities to contribute to an individual’s skill savings account, which are portable and follow the individual worker throughout their working life.
Create tax-free, portable skill savings accounts for workers to pay for education and training expenses, with contributions from workers, employers, family and friends, government agencies, tax authorities, and community investment organizations.
Occurrences
Evidence
legacy_unverified · Source version not recorded · locator unknown
GovInfo lists H.R. 8714 as introduced May 7, 2026, by Thompson for himself and Bonamici, referred to Ways and Means.
legacy_unverified · Source version not recorded · locator unknown
The bill excludes employee and employer contributions and qualified education distributions from gross income, and defines skill savings accounts for education expenses.
Assessments
Bonamici materially advanced the promise by joining H.R. 8714, the Skill Savings Account Act of 2026, which closely matches the proposed tax-free portable skill savings accounts. But the latest available status shows the bill only introduced and referred to House Ways and Means on May 7, 2026, with no enactment or implementation creating the accounts. This is serious legislative effort, not fulfilled delivery.