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Education Freedom Scholarships and Opportunity Act

USA117th CongressS-43| Senate 
| Updated: 1/26/2021
Ted Cruz

Ted Cruz

Republican Senator

Texas

Cosponsors (9)
Joni Ernst (Republican)Bill Cassidy (Republican)Marsha Blackburn (Republican)Todd Young (Republican)Tim Scott (Republican)Ben Sasse (Republican)Kevin Cramer (Republican)James Lankford (Republican)Patrick Toomey (Republican)

Finance Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
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.
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Timeline

Bill from Previous Congress

S 116-634
Education Freedom Scholarships and Opportunity Act
Jan 26, 2021
Introduced in Senate
Jan 26, 2021
Read twice and referred to the Committee on Finance.
Feb 5, 2021

Latest Companion Bill Action

HR 117-889
Introduced in House
  • Bill from Previous Congress

    S 116-634
    Education Freedom Scholarships and Opportunity Act


  • January 26, 2021
    Introduced in Senate


  • January 26, 2021
    Read twice and referred to the Committee on Finance.


  • February 5, 2021

    Latest Companion Bill Action

    HR 117-889
    Introduced in House

Taxation

Related Bills

  • HR 117-889: Education Freedom Scholarships and Opportunity Act
Charitable contributionsElementary and secondary educationEmployment and training programsGovernment information and archivesHigher educationIncome tax creditsSocial work, volunteer service, charitable organizationsStudent aid and college costsVocational and technical education

Education Freedom Scholarships and Opportunity Act

USA117th CongressS-43| Senate 
| Updated: 1/26/2021
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.
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline

Bill from Previous Congress

S 116-634
Education Freedom Scholarships and Opportunity Act
Jan 26, 2021
Introduced in Senate
Jan 26, 2021
Read twice and referred to the Committee on Finance.
Feb 5, 2021

Latest Companion Bill Action

HR 117-889
Introduced in House
  • Bill from Previous Congress

    S 116-634
    Education Freedom Scholarships and Opportunity Act


  • January 26, 2021
    Introduced in Senate


  • January 26, 2021
    Read twice and referred to the Committee on Finance.


  • February 5, 2021

    Latest Companion Bill Action

    HR 117-889
    Introduced in House
Ted Cruz

Ted Cruz

Republican Senator

Texas

Cosponsors (9)
Joni Ernst (Republican)Bill Cassidy (Republican)Marsha Blackburn (Republican)Todd Young (Republican)Tim Scott (Republican)Ben Sasse (Republican)Kevin Cramer (Republican)James Lankford (Republican)Patrick Toomey (Republican)

Finance Committee

Taxation

Related Bills

  • HR 117-889: Education Freedom Scholarships and Opportunity Act
  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Charitable contributionsElementary and secondary educationEmployment and training programsGovernment information and archivesHigher educationIncome tax creditsSocial work, volunteer service, charitable organizationsStudent aid and college costsVocational and technical education