HF 2432: Relating to contributions to the Iowa educational savings plan trust for essential workers from federal American Rescue Plan Act funds

What it does

This bill authorizes the treasurer of state to expend up to $125 million from moneys received by the state pursuant to the federal American Rescue Plan Act for the purpose of making contributions of up to $2,500 per person on behalf of participants in the Iowa educational savings plan trust created under Code section 12D.2 identified by their employer as an essential worker. Essential workers are defined in the bill to include licensed health care providers, direct care workers, teachers and school employees, child care providers, food processing plant workers, grocery store and restaurant workers, and any other workers specified in the governor’s proclamation related to the COVID-19 pandemic.

Lobbying · 1 for, 0 against

For: Iowa State Treasurer's Office

In plain words

1. February 16, 2022Filed in the House and sent to the State Government committee