PlainBillCongress, translated.Legislation. Context. Public interest.Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S3750-3754)
Congressional Research Service
Version 00 · Introduced in Senate · Apr 6, 2001
Medical Education Trust Fund Act of 2001 - Amends the Social Security Act (SSA) to add a new title XXII (Medical Education Trust Fund) establishing in the Treasury the Medical Education Trust Fund, consisting of various specified accounts. Requires the Secretary of Health and Human Services to make annual payments from the Fund to eligible medical schools and teaching hospitals applying for assistance to: (1) maintain and develop quality educational programs in an increasingly competitive health care system; and (2) meet the indirect and direct costs of graduate medical education. Outlines requirements for Fund investments and determination of payments.Amends SSA titles XVIII (Medicare) and XIX (Medicaid) to provide for annual transfers and make specified appropriations to the Fund.Amends the Internal Revenue Code to impose a tax equal to 1.5 percent of premiums received under accident or health insurance policies (including applicable self-insured plans), and equal to 1.5 percent of the amount received for certain health-related administrative services, payable by the policy issuer and the service provider, respectively. Makes specified appropriations and transfers of such amounts collected to the Fund for allocation among the various specified accounts.Establishes the Medical Education Advisory Commission.
People & committees
Sen. Reed, Jack [D-RI] · D–RI
Legislative record
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Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S3750-3754)
Sponsor introductory remarks on measure. (CR S3749-3750)
Introduced in Senate
Primary sources
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Source last updated: Aug 19, 2025. Consult Congress.gov for the current record.
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