CFP Board Submits Letter on Senate’s Proposed Reconciliation Bill

The Senate Finance Committee recently unveiled its portion of the sweeping reconciliation package. In a formal letter, CFP Board thanked the Committee for including the bipartisan Freedom to Invest in Tomorrow’s Workforce Act and addressed other pertinent provisions.

“CFP Board thanks the Senate Finance Committee – and its House counterpart – for including language that would expand 529 account eligibility to cover expenses related to professional certifications, including the CERTIFIED FINANCIAL PLANNER® certification,” said Erin Koeppel, Managing Director of Government Relations and Public Policy Counsel. “However, we are disappointed in not seeing the full restoration of the casualty and theft loss deduction to better protect victims of financial fraud. Additionally, the bill does not go far enough to help CERTIFIED FINANCIAL PLANNER® professionals who own or work for small, family-owned businesses.”

To read the full letter, please click here.