Banks again tries to fund ed for military families

Congressman Jim Banks (IN-03) has reintroduced a bill, the Education Savings Accounts for Military Families Act, which would provide military families with access to more educational opportunities and the ability to customize their child’s education.

The legislation would also provide portability to military families that they currently do not have.

The opening of an education savings account would be optional, and account balances could be rolled over from year to year, while deposit levels would increase in accordance with changes in the Chained CPI. Deposits and withdrawals from the fund would be tax-free, and the autonomy of education service providers would be preserved.