US HB7205

Amends Internal Revenue Code Section 529(e)(3)(A) to add college application fees as a qualified expense for 529 education savings plans

Allows tax-free distributions from 529 plans to pay admission application fees to eligible educational institutions

Applies to distributions made after the date of enactment

Officially titled the "Application Fees as Eligible Expenses Act" or "Application FEES Act"

Introduced by Rep. Bynum on January 22, 2026 and referred to the House Committee on Ways and Means