Oxley: Chance of College Savings Bill This Year 'About Zero'

Vadum, Matthew
June 2004
Bond Buyer;6/3/2004, Vol. 348 Issue 31897, p5
Trade Publication
Claims that the chance of any legislation regarding the state savings plan being passed by the U.S. Congress in 2004 is "about zero," according to Representative Michael Oxley (Republican-Ohio). Statement issued by Oxley that he and other lawmakers are awaiting a report from U.S. Securities and Exchange Commission Chairman William Donaldson's task force on college savings plans; Lawmakers and experts' claim that standardized fees, improved disclosure requirements, and possibly federal regulation of state-sponsored "529" college tuition savings plans would benefit investors.


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