H.R. 2800 (104th): Education Trust Fund Act

Dec 18, 1995 (104th Congress, 1995–1996)
Died (Referred to Committee)
Cleo Fields
Representative for Louisiana's 4th congressional district
Read Text »
Last Updated
Dec 18, 1995
17 pages

This bill was introduced on December 18, 1995, in a previous session of Congress, but was not enacted.

Introduced Dec 18, 1995
Referred to Committee Dec 18, 1995
Full Title

To amend the Internal Revenue Code of 1986 to impose a 5 percent tax on all wagering and to use the revenues from such tax to enhance funding for public elementary and secondary education, and for other purposes.


No summaries available.

1 cosponsors (1D) (show)

House Education and the Workforce

House Ways and Means

The committee chair determines whether a bill will move past the committee stage.

Primary Source

THOMAS.gov (The Library of Congress)

GovTrack gets most information from THOMAS, which is updated generally one day after events occur. Activity since the last update may not be reflected here. Data comes via the congress project.


Get a bill status widget for your website »


Click a format for a citation suggestion:


H.R. stands for House of Representatives bill.

A bill must be passed by both the House and Senate in identical form and then be signed by the president to become law.

The bill’s title was written by its sponsor.

GovTrack’s Bill Summary

We don’t have a summary available yet.

Library of Congress Summary

The summary below was written by the Congressional Research Service, which is a nonpartisan division of the Library of Congress.

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.
Section 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.
Section 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.
Section 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.
Section 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.

House Republican Conference Summary

The summary below was written by the House Republican Conference, which is the caucus of Republicans in the House of Representatives.

No summary available.

House Democratic Caucus Summary

The House Democratic Caucus does not provide summaries of bills.

So, yes, we display the House Republican Conference’s summaries when available even if we do not have a Democratic summary available. That’s because we feel it is better to give you as much information as possible, even if we cannot provide every viewpoint.

We’ll be looking for a source of summaries from the other side in the meanwhile.

Use the comment space below for discussion of the merits of H.R. 2800 (104th) with other GovTrack users.
Your comments are not read by Congressional staff.

comments powered by Disqus