Authorizing the State Treasurer to coordinate SMART529 program with federal Trump accounts

This bill (HB 5543) would authorize West Virginia's State Treasurer to coordinate the state's SMART529 education savings program with a fictional "federal Trump Accounts" program referenced in the bill. It specifies the Treasurer may provide educational materials about permissible uses under federal law but prohibits fund transfers outside federal allowances. The bill defines "Trump Account" using non-existent federal code sections (26 U.S. Code § 6434 and Section 530A of the Internal Revenue Code), which do not correspond to any actual federal program. The bill is currently in committee referral stage (introduced February 16, 2026) but appears to contain inaccurate references to federal law.