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S 743 107th Congress Senate

Medical Education Trust Fund Act of 2001

Official title: A bill to establish a medical education trust fund, and for other purposes.

Introduced: April 6, 2001 Introduced by: Reed, Jack Democratic · Rhode Island See on congress.gov
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This bill died when the 107th Congress ended
It never became law before the 107th Congress (2001–2002) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Apr 6, 2001
Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S3750-3754)
Apr 6, 2001
Sponsor introductory remarks on measure. (CR S3749-3750)
Apr 6, 2001
Introduced in Senate
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 Latest action April 6, 2001

Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S3750-3754)

 Plain-English summary Congressional Research Service
Medical Education Trust Fund Act of 2001 - Amends the Social Security Act (SSA) to add a new title XXII (Medical Education Trust Fund) establishing in the Treasury the Medical Education Trust Fund, consisting of various specified accounts. Requires the Secretary of Health and Human Services to make annual payments from the Fund to eligible medical schools and teaching hospitals applying for assistance to: (1) maintain and develop quality educational programs in an increasingly competitive health care system; and (2) meet the indirect and direct costs of graduate medical education. Outlines requirements for Fund investments and determination of payments.

Amends SSA titles XVIII (Medicare) and XIX (Medicaid) to provide for annual transfers and make specified appropriations to the Fund.

Amends the Internal Revenue Code to impose a tax equal to 1.5 percent of premiums received under accident or health insurance policies (including applicable self-insured plans), and equal to 1.5 percent of the amount received for certain health-related administrative services, payable by the policy issuer and the service provider, respectively. Makes specified appropriations and transfers of such amounts collected to the Fund for allocation among the various specified accounts.

Establishes the Medical Education Advisory Commission.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 1
All 1 Democratic 1
D
Schumer, Charles E.
New York · Apr 6, 2001
Cite this page click to expand
APA
U.S. Congress. (2026). S. 743: Medical Education Trust Fund Act of 2001. 107th Congress. Open America. https://openamerica.io/bill/107-S-743/
MLA
"S. 743: Medical Education Trust Fund Act of 2001." 107th Congress, 2026, Open America, https://openamerica.io/bill/107-S-743/.
Bluebook (legal)
S. 743, 107th Cong. (2026), https://openamerica.io/bill/107-S-743/.
Markdown link
[S. 743: Medical Education Trust Fund Act of 2001](https://openamerica.io/bill/107-S-743/)
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