House Budget Reconciliation Bill Passed with Provision Empowering Insights Professionals - Articles

Articles

22May

House Budget Reconciliation Bill Passed with Provision Empowering Insights Professionals

Budget reconciliation legislation, which included a provision sought by the Insights Association to empower the insights industry’s workforce with more training, has passed the U.S. House of Representatives.

The Freedom to Invest in Tomorrow’s Workforce Act, which would expand qualified expenses under 529 savings plans to include postsecondary training and credentialing, such as licenses and professional certifications and certificates, passed the House by a 215-214 vote early on May 22, 2025 as part of H.R. 1 (the One Big Beautiful Bill Act). These provisions would permit certain expenses associated with obtaining or maintaining postsecondary credentials (such as licenses, certifications, or certificates) to be treated as qualified higher education expenses for purposes of 529 tax savings accounts.

Howard Fienberg, Senior VP Advocacy for the Insights Association, explained that, “It is time to turn college savings plans into career savings plans and empower insights professionals with flexible approaches to build skills and technical expertise. The industry is changing rapidly, with artificial intelligence and new modes and methodologies on the rise, and the workforce needs opportunities and avenues to grow and adapt along with it. Further, this legislation could open more opportunities to new insights professionals from outside of the traditional 4-year college paths.”

Budget reconciliation is a Congressional procedure expediting consideration of some tax, spending, and debt limit legislation, bypassing the Senate filibuster and requiring just a simple majority to vote for passage. IA reported earlier about another provision in the legislation that would ban state AI regulation for 10 years.

A 529 plan is a state-sponsored education savings vehicle that is exempt from federal taxes if funds are used to pay for qualified education expenses. These include college, graduate or professional degrees; programs from Title IV-accredited institutions; registered apprenticeships; up to $10,000/year in K-12 tuition; and certain student loan repayments. There is approximately $450 billion nationwide in 529 accounts (according to the College Savings Plan Network).

Currently, 529s can be used for all the Masters or postgraduate programs in insights and analytics. However, if the provisions of the Freedom to Invest in Tomorrow’s Workforce Act are passed into law, funds invested in 529 accounts could be used for current or future insights professionals pursuing postsecondary training and certification in our industry, such as with Burke Institute, Cambiar, Market Research Institute International (MRII), Research Rockstar (including the Insights Professional Certificate (IPC) Specialty certificates), and RIVA.

This legislative package now heads to the U.S. Senate.

Separately from the budget reconciliation process, the House version of the Freedom to Invest in Tomorrow’s Workforce Act, H.R. 1151, has 178 cosponsors. The Senate version, S. 756, has 14 cosponsors.

The Insights Association will continue to advocate for the Freedom to Invest in Tomorrow’s Workforce Act on it own or as part of any final budget reconciliation law.

IA also encourages our members and supporters to contact their own Representatives and Senators in support of the legislation, including using this grassroots activation portal from our Tomorrow's Workforce Coalition.

About the Author

Howard Fienberg

Howard Fienberg

Based in Washington, DC, Howard is the Insights Association's lobbyist for the marketing research and data analytics industry, focusing primarily on consumer privacy and data security, the Telephone Consumer Protection Act (TCPA), tort reform, and the funding and integrity of the decennial Census and the American Community Survey (ACS). Howard has more than two decades of public policy experience. Before the Insights Association, he worked in Congress as senior legislative staffer for then-Representatives Christopher Cox (CA-48) and Cliff Stearns (FL-06). He also served more than four years with a science policy think tank, working to improve the understanding of scientific and social research and methodology among journalists and policymakers. Howard is also co-director of The Census Project, a 900+ member coalition in support of a fair and accurate Census and ACS. He has also served previously on the Board of Directors for the National Institute for Lobbying and Ethics and and the Association of Government Relations Professionals. Howard has an MA International Relations from the University of Essex in England and a BA Honors Political Studies from Trent University in Canada, and has obtained the Certified Association Executive (CAE), Professional Lobbying Certificate (PLC) and the Public Policy Certificate (PPC). When not running advocacy for the Insights Association, Howard enjoys hockey, NFL football, sci-fi and horror movies, playing with his dog, and spending time with family and friends.

Related

New U.S. Law Gives Financial Boost to Continuing Education for Insights Professionals

New U.S. Law Gives Financial Boost to Continuing Education for Insights Professionals

The big tax and budget reconciliation law, signed by President Trump on July 4, 2025, includes a pro...

Read More >
Fighting for You: June 2025 Legislative and Regulatory Update

Fighting for You: June 2025 Legislative and Regulatory Update

June brought lots of sizzling policy developments for the insights industry -- some promising, other...

Read More >
Florida Kills Proposal That Would Have Prohibited Election Polling by State Universities

Florida Kills Proposal That Would Have Prohibited Election Polling by State Universities

The Florida legislature turned its back on a bill opposed by the Insights Association that would hav...

Read More >
New Approaches Proposed for Indirect Costs in Federally-Funded Research

New Approaches Proposed for Indirect Costs in Federally-Funded Research

Early in the second Trump Administration, the federal government instituted a uniform 15 percent cap...

Read More >
CFPB Withdraws Data Broker Rules That Could Have Clobbered Insights Work

CFPB Withdraws Data Broker Rules That Could Have Clobbered Insights Work

The Consumer Financial Protection Bureau (CFPB) withdrew a regulatory proposal that could have unfai...

Read More >
Fighting for You: May 2025 Legislative and Regulatory Update

Fighting for You: May 2025 Legislative and Regulatory Update

Legislative and regulatory issues facing the insights industry are blooming all over, including: a n...

Read More >
Members only Article - Please login to view