Expanded Student Saver’s Tax Credit Act

The Expanded Student Saver's Tax Credit Act (HR2852) was introduced on April 10, 2025, by Rep. Julie Johnson (D-TX) with two cosponsors. It was referred to the House Committee on Ways and Means and has seen no further action as of today's date (2026-04-29). The bill is in the earliest legislative stage — it has not received a hearing, markup, or vote. The legislative path remaining includes committee consideration, potential amendments, House passage, Senate introduction and passage, and presidential signature. With only 3 sponsors from the minority party, passage probability is low in this Congress. The bill amends the Internal Revenue Code to remove the current exclusion of full-time students from eligibility for the nonrefundable Saver's Credit (up to $1,000 per individual, max $2,000 for married filing jointly) through 2026, and the refundable Saver's Match (up to $1,000 per individual, max $2,000 for married filing jointly) beginning in 2027 under SECURE 2.0. The bill does NOT appropriate any funds — it only changes eligibility. The Saver's Match contributions are funded through general revenue via the IRS, not through direct appropriations in this bill. The Congressional Budget Office would need to score the revenue loss, but no score has been published. Structural winners would be financial institutions that administer retirement accounts — asset managers like BlackRock ($BLK, current $1049.76, up 12.41% in 30 days) and custodians/brokerages like Charles Schwab ($SCHW, current $90.83, down 1.66% in 30 days) and Morgan Stanley ($MS, current $190.36, up 20.18% in 30 days). However, the impact is minimal: student savers contribute small amounts, and the bill is far from law. The 30-day price trends for these stocks show strong gains for $MS and $BLK, likely driven by broader macro or sector factors (e.g., interest rate expectations, earnings) rather than this early-stage bill. The Presidential Memorandum from April 20, 2026 on energy infrastructure under the Defense Production Act has no connection to this bill. It does not amplify or conflict with HR2852. Timeline: No scheduled hearings. Next steps would be a Ways and Means Committee hearing and then markup. Given the current Congress's divided control and the bill's early stage, the realistic timeline extends past this session unless it gains bipartisan sponsorship and leadership support.