“in clause (ii), by striking "before January 1, 2026".”
The section strikes the words before January 1, 2026 from clause (ii) of section 529A(b)(2)(B) of the Internal Revenue Code of 1986, and inserts into clause (i) words substituting 1996 for 1997 in paragraph (2)(B) of section 2503(b) of that Code.
What the document actually says
“in clause (ii), by striking "before January 1, 2026".”
That sentence, in plain words
Words setting an end date are taken out. Those words were before January 1, 2026.
What this is about
A second change moves an inflation base year. It goes from 1997 back to 1996. That changes how the limit grows.
No action is recorded against this proposal. That is not evidence that none has been taken, and nobody has yet read it against the record. See what the tracker does not yet cover.
Provide for reconciliation pursuant to title II of H. Con. Res. 14, Public Law 119-21, sec. 70115, 139 Stat. 166 (2025). https://www.govinfo.gov/content/pkg/PLAW-119publ21/html/PLAW-119publ21.htm
This page
“The end date is struck and an inflation base year moves to 1996,” Provide for reconciliation pursuant to title II of H. Con. Res. 14, section 70115, Sec. 70115. Read the Mandate, https://readthemandate.org/pl-119-21/proposal/sec70115-limit/ (retrieved October 10, 2026).
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