The main purpose of this legislation, known as the Student Empowerment Act, is to expand the use of 529 education savings accounts. Specifically, it allows families to use funds from these accounts to cover a wider range of educational expenses for students in kindergarten through grade 12. This change aims to provide more flexibility and support for families seeking to invest in their children's education. Key provisions of the act include the addition of various educational expenses that can be paid for using 529 accounts.