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Educational Choice for Children Act
3/14/2024, 12:56 PM
Summary of Bill S 120
Bill 118 s 120, also known as the Educational Choice for Children Act, is a piece of legislation currently being considered by the US Congress. The main goal of this bill is to provide more options for parents and students when it comes to choosing their educational path.
One of the key provisions of the bill is the creation of Education Savings Accounts (ESAs) for eligible students. These accounts would allow parents to use public funds to pay for a variety of educational expenses, such as private school tuition, tutoring, and educational materials. This would give families more flexibility in choosing the best educational options for their children.
Additionally, the bill aims to expand access to charter schools and magnet schools, which are public schools that offer specialized programs or curricula. By increasing the availability of these alternative school options, the bill seeks to provide more opportunities for students to receive a high-quality education that meets their individual needs. Overall, the Educational Choice for Children Act is designed to promote school choice and empower parents to make decisions about their children's education. Supporters of the bill argue that it will increase competition and innovation in the education system, leading to better outcomes for students. Critics, however, raise concerns about the potential impact on traditional public schools and the equitable distribution of resources. As the bill continues to be debated in Congress, it will be important to consider the potential benefits and drawbacks of expanding school choice options for families across the country.
One of the key provisions of the bill is the creation of Education Savings Accounts (ESAs) for eligible students. These accounts would allow parents to use public funds to pay for a variety of educational expenses, such as private school tuition, tutoring, and educational materials. This would give families more flexibility in choosing the best educational options for their children.
Additionally, the bill aims to expand access to charter schools and magnet schools, which are public schools that offer specialized programs or curricula. By increasing the availability of these alternative school options, the bill seeks to provide more opportunities for students to receive a high-quality education that meets their individual needs. Overall, the Educational Choice for Children Act is designed to promote school choice and empower parents to make decisions about their children's education. Supporters of the bill argue that it will increase competition and innovation in the education system, leading to better outcomes for students. Critics, however, raise concerns about the potential impact on traditional public schools and the equitable distribution of resources. As the bill continues to be debated in Congress, it will be important to consider the potential benefits and drawbacks of expanding school choice options for families across the country.
Congressional Summary of S 120
Educational Choice for Children Act
This bill allows individuals and corporations a new tax credit after 2022 for charitable contributions to tax-exempt organizations that provide scholarships to elementary and secondary school students. Such students must be members of a household with incomes not greater 300% of the area median gross income and be eligible to enroll in a public elementary or secondary school.
The bill excludes from the gross income of taxpayer dependents any scholarship amount for the elementary or secondary education expenses of eligible students. It also prohibits governmental control over scholarship granting organizations.
Read the Full Bill
Current Status of Bill S 120
Bill S 120 is currently in the status of Bill Introduced since January 26, 2023. Bill S 120 was introduced during Congress 118 and was introduced to the Senate on January 26, 2023. Bill S 120's most recent activity was Read twice and referred to the Committee on Finance. as of January 26, 2023
Bipartisan Support of Bill S 120
Total Number of Sponsors
2Democrat Sponsors
0Republican Sponsors
2Unaffiliated Sponsors
0Total Number of Cosponsors
58Democrat Cosponsors
0Republican Cosponsors
58Unaffiliated Cosponsors
0Policy Area and Potential Impact of Bill S 120
Primary Policy Focus
TaxationPotential Impact Areas
- Charitable contributions
- Elementary and secondary education
- Income tax credits
- Student aid and college costs
- Tax-exempt organizations
Alternate Title(s) of Bill S 120
Educational Choice for Children Act
Educational Choice for Children Act
A bill to amend the Internal Revenue Code of 1986 to allow a credit against tax for charitable donations to nonprofit organizations providing education scholarships to qualified elementary and secondary students.
Comments
Sponsors and Cosponsors of S 120
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