H.R. 2901 (110th): Lifelong Learning Accounts Act of 2007

Jun 28, 2007 (110th Congress, 2007–2009)
Died (Referred to Committee)
Thomas “Tom” Allen
Representative for Maine's 1st congressional district
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Last Updated
Jun 28, 2007
21 pages
Related Bills
S. 26 (Related)
Lifelong Learning Accounts Act of 2007

Referred to Committee
Last Action: Jan 04, 2007

H.R. 6036 (Related)
Lifelong Learning Accounts Act of 2008

Referred to Committee
Last Action: May 13, 2008


This bill was introduced on June 28, 2007, in a previous session of Congress, but was not enacted.

Introduced Jun 28, 2007
Referred to Committee Jun 28, 2007
Full Title

To amend the Internal Revenue Code of 1986 to establish a program demonstrating multiple approaches to Lifelong Learning Accounts, which are portable, worker-owned savings accounts that can be used by workers to help finance education, training, and apprenticeships and which are intended to supplement both public and employer-provided education and training resources, and for other purposes.


No summaries available.

1 cosponsors (1D) (show)

House Ways and Means

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Primary Source

THOMAS.gov (The Library of Congress)

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GovTrack’s Bill Summary

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Library of Congress Summary

The summary below was written by the Congressional Research Service, which is a nonpartisan division of the Library of Congress.

Lifelong Learning Accounts Act of 2007 - Amends the Internal Revenue Code to: (1) establish tax-exempt lifelong learning accounts to pay for certain higher education expenses and allow a tax deduction for cash contributions to such accounts; and (2) allow employers, employees, and self-employed individuals tax credits for contributions to such accounts.
Requires the Comptroller General to study the effectiveness of such accounts and the tax credits provided by this Act.

House Republican Conference Summary

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No summary available.

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