The legislation included in the package is the Family Savings Act of 2018 (H.R. 6757). US Rep. Mike Kelly (R-PA), a member of the House Ways and Means Committee, introduced it last month. The new legislation contains many of the same provisions as a bipartisan bill previously introduced by Rep. Kelly.

The Family Savings Act gives parents, grandparents or other relatives the opportunity to open a 529 savings plan for an unborn child to begin saving for their future education.

"It would allow parents to start an account while they are pregnant," Family Research Council Vice President of Government Affairs David Christensen told CBN News. "It's really a pro-life policy from the standpoint of the tax code. It recognizes the child as an unborn child."

"One interesting thing to note, this is really not an anti-abortion provision," he continued. "This is just pro-life and pro-family. It allows parents and grandparents to start earlier for their kid's education."

The act also gives individuals the ability to withdraw their retirement funds without penalty if the money is used to pay for the costs of raising or adopting a child. The amount can be up to $7,500 for each spouse or $15,000 combined.

The legislation also finally allows families who homeschool their children to participate in 529 education savings accounts to cover their costs for schooling their children. The act also allows up to $10,000 for use in homeschooling children, just like the 2017 tort reform law that allowed the deduction for private, public and religious schooling from kindergarten through high school.

"It gives all parents equal opportunity to use those kinds of accounts for the education of their children," Christensen told CBN News. "It is a great piece of legislation from the pro-education, pro-family standpoint." Subscribe for free to Breaking Christian News here.

To receive daily emails from Breaking Christian News to your inbox CLICK HERE

Archaeologists Uncover Hidden 1,600-Year-Old Christian Church Buried for Centuries

Canadian Wildfire Smoke Chokes Northern US as Flooding Slams Texas

UC San Fran Chancellor Refuses to Say If Men Can Have Babies

Former Historic Baptist Church Becomes a Mosque in This Virginia Town, and Mayor Celebrates Muslim Call to Prayer

Islamunist Mamdani's Claim that Sexual Assaults in NYC are Rising Because of 'Expanded Definition' Dismisses 'R*pe Jihad' in the Big Apple

GOP Grills AG Nominee on Abortion Drug and Trump Admin Priorities

'It Doesn't Get Bigger': Trump Drops Hint on Today's Yuge Primetime Announcement

Vice President Vance Takes Shots at Senate on Joe Rogan Episode for Delaying SAVE America Act

House Passes SAVE America Act as Part of MUST-PASS National Security Bill; Now on to the Senate

Skeptical Doctor Shocked After Blind Son's Miracle Healing, Husband's Near-Death Experience

Louisiana Pastor Sues Library After Being Fired over Preferred Pronouns

Trans Athletes Drop Challenge to New Hampshire Women's Sports Law

30,000 'Trojan Horses': Europe and Britain Face Muslim Domination and Escalating Threat of Civil War

Consumer Prices See Steepest Monthly DECLINE in More Than Six Years in June

Documents Reveal: Democrat Special Counsel Jack Smith Spied on, Lied to Congress

The Deal Ensuring Conservatives' Border Security and SAVE America Act

Speaker Mike Johnson Issues Serious Warning About Communism and the DSA: 'This is Not a Game' (VIDEO)

Revival Grips Brazil's Amazon: 'God Is Everything for Me'

More Arson? Investigators Sift Through Ashes at Landmark 173-Year-Old Church Searching for Clues

Shocking Survey: More than Two-Thirds of Gen-Z Don't Know What America 250 Commemorates (Video)