S 43 117th Congress Senate Taxation Charitable contributions Elementary and secondary education Employment and training programs Government information and archives Higher education Income tax credits Social work, volunteer service, charitable organizations Student aid and college costs Vocational and technical education

Education Freedom Scholarships and Opportunity Act

Introduced: January 26, 2021 Introduced by: Cruz, Ted Republican · Texas See on congress.gov

Everywhere this bill has been 2 steps

Introduced

In committee

Reported out

Passed House

Passed Senate

To President

Became law

Jan 26, 2021

Read twice and referred to the Committee on Finance.

Jan 26, 2021

Introduced in Senate

Plain-English summary Congressional Research Service

Education Freedom Scholarships and Opportunity Act

This bill allows individual and corporate taxpayers a tax credit for cash contributions to certain scholarship-granting and workforce training organizations. It imposes a cap of $10 billion on the sum of contributions that qualify for a tax credit under this bill.

The bill requires the Department of Education, in coordination with the Departments of the Treasury and Labor, to establish, host, and maintain a web portal that (1) lists all eligible scholarship-granting and workforce training organizations; (2) enables contributions to such organizations; (3) provides information about the benefits of this bill; and (4) enables a state to submit and update information about its programs and educational organizations, including information on student eligibility and allowable educational expenses.

What's happening now January 26, 2021

Read twice and referred to the Committee on Finance.

Committees of jurisdiction 1