Education Freedom Scholarships and Opportunity Act

United States117th CongressS-43Senate
Updated: Jan 26, 2021

Summary

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.

Bill texts

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Introduced (Senate)View official text

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Timeline

Latest companion bill action

HR-889: Education Freedom Scholarships and Opportunity Act

Referred to the Committee on Ways and Means, and in addition to the Committee on Education and Labor, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

  1. Read twice and referred to the Committee on Finance.

    Senate

  2. Introduced in Senate

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