S. 5550

529 Retirement Enhancement Act of 2026

Sponsor: Ted Cruz

1 cosponsor

Lisa Blunt Rochester

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Where it stands

Introduced Sep 24
Committee Now
Senate —
House of Representatives —
Law —

Introduced Sep 24
Committee Now
Senate —
House of Representatives —
Law —

Read twice and referred to the Committee on Finance. (Sep 24)

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Text of the bill

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Sec. 1. Short title

This Act may be cited as the 529 Retirement Enhancement Act of 2026.

Sec. 2. Elimination of aggregate limitation on 529 rollovers to Roth IRA

(a) In general. Clause (ii) of section 529(c)(3)(E) of the Internal Revenue Code of 1986 is amended—

(1) by striking subclause (II), and

(2) by striking Limitations.— and all that follows through Clause (i) shall only apply and inserting Annual limitation.—Clause (i) shall only apply.

(b) Effective date. The amendments made by this section shall apply to distributions made in taxable years beginning after the date of the enactment of this Act.