S.634 - Education Freedom Scholarships and Opportunity Act116th Congress (2019-2020) |
|Sponsor:||Sen. Cruz, Ted [R-TX] (Introduced 02/28/2019)|
|Committees:||Senate - Finance|
|Latest Action:||Senate - 02/28/2019 Read twice and referred to the Committee on Finance. (All Actions)|
This bill has the status Introduced
Here are the steps for Status of Legislation:
- Passed Senate
- Passed House
- To President
- Became Law
Summary: S.634 — 116th Congress (2019-2020)All Information (Except Text)
Introduced in Senate (02/28/2019)
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.