A bill to amend the Internal Revenue Code of 1986 to eliminate the aggregate limitation on rollovers from a 529 program to a Roth IRA.
Latest action (24 Sep 2026): Introduced
What this bill does
Generate a neutral, plain-English explanation of what this bill does, who it affects and what happens next — grounded in the official text.
Official summary
This bill is in the first stage of the legislative process. It was introduced into Congress on September 24, 2026. It will typically be considered by committee next before it is possibly sent on to the House or Senate as a whole.
Common questions
- What does S. 5550 do?
- This bill is in the first stage of the legislative process. It was introduced into Congress on September 24, 2026. It will typically be considered by committee next before it is possibly sent on to the House or Senate as a whole.
- Has S. 5550 become law?
- Not yet. As of 24 Sep 2026, S. 5550 is introduced.
- Who sponsored S. 5550?
- S. 5550 was sponsored by Sen. Ted Cruz [R-TX] (Republican-TX), with 0 cosponsors.
- What's the latest action on S. 5550?
- Introduced (24 Sep 2026).
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