SB5550: 529 Retirement Enhancement Act of 2026

What the bill says

To amend the Internal Revenue Code of 1986 to eliminate the aggregate limitation on rollovers from a 529 program to a Roth IRA.

From the introduced text, September 24, 2026:

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. SECTION 1. Short title This Act may be cited as the 529 Retirement Enhancement Act of 2026 . SECTION 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.

Read the full official text

Sponsors

• Cruz, Ted (R) · primary sponsor
• Lisa Rochester (D, SD-DE)

Latest actions

1. September 24, 2026: Read twice and referred to the Committee on Finance.
2. September 24, 2026: Introduced in Senate

Common questions

What is SB5550?

SB5550 is a bill in Congress (119th Congress): 529 Retirement Enhancement Act of 2026.

What does SB5550 do?

In its own words: To amend the Internal Revenue Code of 1986 to eliminate the aggregate limitation on rollovers from a 529 program to a Roth IRA.

What is the status of SB5550?

In committee as of September 24, 2026. Latest action: Read twice and referred to the Committee on Finance. (September 24, 2026).

Who sponsored SB5550?

Cruz, Ted (R), with 1 co-sponsor.

Where is the official record for SB5550?

On the Congress website: https://www.congress.gov/bill/119th-congress/senate-bill/5550