Freedom To Invest in Tomorrow's Workforce Act

S 722, the Freedom To Invest in Tomorrow's Workforce Act, allows individuals to use funds from 529 college savings accounts to cover career training and credentialing expenses. It expands the definition of "qualified higher education expenses" to include tuition, fees, and exam costs for recognized postsecondary credential programs (like industry certifications) that meet specific standards under the Workforce Innovation and Opportunity Act. This directly affects workers seeking job-focused training or certifications instead of traditional college degrees, enabling them to use existing 529 savings for these expenses. The bill takes effect for expenses paid after its enactment date.