Groups Will Advocate to Help Pass the Freedom to Invest in Tomorrow's Workforce Act
The Washington Society of CPAs (WSCPA) has joined with more than 500 professional societies, businesses and employers to form the Tomorrow’s Workforce Coalition, established to build support for the Freedom to Invest in Tomorrow’s Workforce Act (S. 722 / H.R. 1477). The American Society of Association Executives (ASAE) and the Professional Certification Coalition (PCC) lead the new group.
The bipartisan, bicameral Freedom to Invest in Tomorrow’s Workforce Act would expand qualified expenses under 529 savings plans to include postsecondary training and credentialing, such as licenses and professional certifications. The bill would provide valuable tax-advantaged resources for families, students and workers—with or without a college degree—who pursue career growth, mid-career changes or pathways that diverge from a typical academic route.
“The Freedom to Invest in Tomorrow’s Workforce Act can empower workers of any educational background, skill level or age,” said ASAE President and CEO Michelle Mason, FASAE, CAE. “This pragmatic policy would support all industries and professions that rely on employees with specialized training or credentials. Our community is grateful to the Congressional champions for their commitment to supporting our current and future workforce.”
“Knowledge, skills and abilities are essential to help professionals grow their careers and for industries to grow their impact,” said Institute for Credentialing Excellence Executive Director and co-leader of the PCC Denise Roosendaal, FASAE, CAE. “It is a privilege to support the Freedom to Invest in Tomorrow’s Workforce Act, which will help strengthen industries, professions and the broader economy.”
The bill is led by Representatives Rob Wittman (R-Va.) and Abigail Spanberger (D-Va.) in the U.S. House of Representatives and Senators Amy Klobuchar (D-Minn.) and Mike Braun (R-Ind.) in the U.S. Senate.
Training and credentialing organizations help expand industry excellence, establish and strengthen professional pathways, increase workers’ earning power, foster marketplace competition and supply consumers with the best products, services and expertise. A list of organizations in the coalition can be found at powerofassociations.org.
In May 2023, WSCPA leaders met with congressional representatives to encourage their support of Freedom to Invest in Tomorrow's Workforce Act. Learn more here.