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H.R.2800 / 104th Congress

Education Trust Fund Act

Referred to the Subcommittee on Early Childhood, Youth and Families.

Official summary

Version 00 · Introduced in House · Dec 18, 1995

TABLE OF CONTENTS: Title I: Tax and Trust Fund Title II: Educational Enhancement Education Trust Fund Act - Title I: Tax and Trust Fund - Amends the Internal Revenue Code to impose an additional five percent tax on the net payment of wagering proceeds paid during any calendar quarter. Reduces the tax imposed on the net wagering proceeds (but not below zero) by an amount credited for the dedicated State tax imposed on such proceeds. Limits the tax imposed to apply only to wagers accepted in the United States or placed by a person who is in the United States: (1) with a person who is a U.S. citizen or resident; or (2) in a wagering pool or lottery conducted by a U.S. citizen or resident. (Sec. 102) Establishes the National Education Trust Fund to consist of such amounts as may be appropriated or credited to such Fund. Authorizes appropriations to the Fund in amounts equivalent to the net revenues received in the Treasury from the taxes imposed on wagers. Requires that amounts in the Fund be made available only for the purposes of making expenditures to carry out title II of the Education Trust Fund Act. Title II: Educational Enhancement - Permits the use of funds from the Fund by local educational agencies only for educating students, including improving classroom instructional materials, renovating or building school facilities and buildings, and increasing teacher salaries. (Sec. 202) Authorizes the Secretary of Education to provide grants from the Fund to State educational agencies for use by local educational agencies to improve education in elementary and secondary schools for the purposes described in the preceding clause. Requires that 74 percent of the funds from such fund be made available for grants to local educational agencies and sets forth a specified formula for the amount a local educational agency in a State, the District of Columbia, and Puerto Rico is eligible to receive for any fiscal year. (Sec. 203) Provides for low-interest loans from the Fund to local educational agencies for any fiscal year payable over a period not to exceed 30 years. Requires that 24 percent of the funds from such fund be made available for loans to local educational agencies and sets forth a specified formula for the amount a local educational agency in a State, the District of Columbia, and Puerto Rico are eligible to receive for any fiscal year. Requires that interest on a loan be based upon administrative costs, but not exceed two percent of the loan amount. (Sec. 204) Establishes the National Commission on Educational Enhancement to make recommendations to the Secretary of Education to enhance educational programs for elementary and secondary school students, including the purchasing of necessary textbooks and providing a safe physical environment by improving the structural soundness of school facilities. Directs that the Commission be composed of nine members with not less than two individuals to represent local educational agencies, teachers or principals, and parents. Prohibits members of the Commission who are full-time officers or employees of the United States or Members of Congress from receiving additional pay, allowances, or benefit by reason of their service on the Commission. Requires that the Commission transmit an annual report to the Secretary of Education, President, and the Congress containing a detailed statement of the findings and conclusions of the Commission and a review of how funds from the Fund were spent. Allows two percent of the funds made available for the Trust Fund to be used by the Commission.

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Who introduced it

Rep. Fields, Cleo [D-LA-4] · D–LA

Committees

  • Education and Workforce Committee
  • Ways and Means Committee
1 cosponsorship records, including any withdrawals

Actions

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  1. Referred to the Subcommittee on Early Childhood, Youth and Families.

  2. Referred to the Committee on Ways and Means, and in addition to the Committee on Economic and Educational Opportunities, 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.

  3. Referred to the Committee on Ways and Means, and in addition to the Committee on Economic and Educational Opportunities, 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.

  4. Referred to the Committee on Ways and Means, and in addition to the Committee on Economic and Educational Opportunities, 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.

  5. Introduced in House

  6. Introduced in House

Bill text & related measures

Text links open the official source. We currently store references to these documents.

Related bills identified by Congress.gov

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Source last updated: Aug 21, 2025. Consult Congress.gov for the current record.

Explore the bill from different angles

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Neutral evidence review

Objective

Analyze H.R.2800 as objectively as possible. Explain its main provisions, who would be affected, possible benefits and harms, implementation, exceptions, and uncertainties. Present the strongest arguments for and against it, and identify evidence needed to assess its public impact.

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Fairness and public impact

Progressive lens

Examine H.R.2800 through a progressive lens, focusing on fairness, access, economic inequality, and effects on vulnerable communities. Explain potential benefits, costs, and unintended consequences. Consider the strongest counterarguments and distinguish stated goals from demonstrated outcomes.

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Institutions and government scope

Conservative lens

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Individual rights and government power

Liberty lens

Examine H.R.2800 through a civil-liberties and limited-government lens. Consider individual rights, privacy, voluntary choice, accountability, and government power. Explain tradeoffs, possible safeguards, and the strongest counterarguments without assuming the proposal is beneficial or harmful.

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