PlainBillCongress, translated.Legislation. Context. Public interest.Referred to the House Committee on Ways and Means.
Congressional Research Service
Version 00 · Introduced in House · Jan 28, 2025
Fairness for the Trades Act
This bill expands the expenses that may be paid for with tax-free distributions from a qualified tuition program (known as a 529 plan) to include those incurred to purchase business property in certain industries. (Some limitations apply.)
Under the bill, tax-free 529 plan distributions may be used to pay for certain property for use by the plan beneficiary in industries within the following industry groups (as classified in the North American Industry Classification System):
Showing the opening paragraphs of the official summary.
timber tract operations;
forest nurseries and gathering of forest products;
logging;
fishing;
hunting and trapping;
support activities for forestry;
residential and nonresidential building construction;
utility system construction;
land subdivision;
highway, street, and bridge construction;
other heavy and civil engineering construction;
foundation, structure, and building exterior contracting;
building equipment contracting;
building finishing contracting;
other specialty trade contracting;
automotive repair and maintenance;
electronic and precision equipment repair and maintenance;
commercial and industrial machinery and equipment (except automotive and electronic) repair and maintenance; and
personal and household goods repair and maintenance.
People & committees
Rep. Perez, Marie Gluesenkamp [D-WA-3] · D–WA
Legislative record
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Referred to the House Committee on Ways and Means.
Introduced in House
Introduced in House
Primary sources
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No related bills are listed in this snapshot. This does not establish whether the proposal has appeared in earlier Congresses.
Source last updated: Jun 9, 2026. Consult Congress.gov for the current record.
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Analyze H.R.808 as objectively as possible. Explain its main provisions, who would be affected, possible benefits and harms, implementation, exceptions, and uncertainties. Present the strongest arguments for and against it, and identify evidence needed to assess its public impact.
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