Bills › 89th General Assembly
Relating to contributions to the Iowa educational savings plan trust for essential workers from federal American Rescue Plan Act funds
Where it is now
- Done: IntroducedFebruary 16, 2022
- Stopped: SubcommitteeDied when the General Assembly ended
- Next: House committee
- Next: Passes the House
- Next: Senate committee
- Next: Passes the Senate
- Next: To the Governor
- Next: Signed into law
Died when the session ended The 2022 session adjourned on May 24, 2022, the General Assembly’s last regular session. Bills that didn’t pass both chambers died. What’s a funnel?
What’s in it
AI summary The state treasurer could use up to $125 million in federal funds to give money to people with Iowa educational savings plans. To qualify, a person must be an essential worker, such as a teacher, healthcare provider, or grocery store employee. Each eligible person could receive up to $2,500 for their savings account.1
Read the official explanation
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 · 0 undecided · Who →