The Senate Finance Committee approved legislation Wednesday that would expand education savings accounts, but the Clinton administration threatened to repeat last year's veto of the measure.

The bill, adopted on a 12-to-8 vote, would let parents contribute $2,000 annually to tax-free accounts for their children's tuition, books, and other expenses at public or private schools. (The current limit, $500, would be restored after four years.) Eligible spending would expand beyond college expenses to elementary and secondary school costs through 2003.

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