3.0.0 4145 2022-12-31T04:58:55Z 2022-12-31T04:58:55Z House HR 2021-06-24 117 [Congressional Record Volume 167, Number 110 (Thursday, June 24, 2021)][House]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mrs. LEE of Nevada:H.R. 4145.Congress has the power to enact this legislation pursuantto the following:Article I, Section 8, clause 1 provides Congress with thepower to ``lay and collect Taxes, Duties, Imposts andExcises'' in order to ``provide for the . . . general Welfareof the United States.''[Page H3134]]]> hsed00 Education and the Workforce Committee House Standing Referred to 2021-06-24T14:00:25Z Earn to Learn Act 117 1173 S 2021-04-15 Read twice and referred to the Committee on Health, Education, Labor, and Pensions. Identical bill CRS 2021-06-24 Referred to the House Committee on Education and Labor. IntroReferral H11100 2 House floor actions hsed00 Education and the Workforce Committee 2021-06-24 Introduced in House IntroReferral Intro-H 9 Library of Congress 2021-06-24 Introduced in House IntroReferral 1000 9 Library of Congress L000590 Rep. Lee, Susie [D-NV-3] Susie Lee D NV 3 N S001183 Rep. Schweikert, David [R-AZ-6] David Schweikert R AZ 6 2021-06-24 True Education Academic performance and assessments Bank accounts, deposits, capital Congressional oversight Education of the disadvantaged Education programs funding Financial literacy Higher education Income tax exclusion Performance measurement Student aid and college costs Vocational and technical education Education 00 2021-06-24 Introduced in House 2021-09-24T17:31:02Z Earn To Learn Act

This bill directs the Department of Education (ED) to establish a college matched-savings demonstration grant program, through which ED must award competitive grants to states and nonprofit organizations to provide certain low-income students with educational savings accounts (e.g., 529 plans).

Further, ED must (1) develop and make available to grant recipients certain tools, including a training platform, a program guide, an online data portal, and certain trainings (e.g., on college readiness); (2) ensure that participation in the grant program does not affect student eligibility for Federal Pell Grants; and (3) provide technical assistance.

Grant recipients must use funds to (1) select eligible students to participate in the grant program, (2) provide selected students with financial literacy education, (3) establish an educational savings account for each participating student and allow such students and their families to deposit funds in their account to save for attendance at an institution of higher education or an area career and technical education school, and (4) reserve matching funds for participating students. Additionally, grant recipients must ensure that participating students are entitled to withdraw funds from their accounts under certain circumstances.

]]> Earn To Learn Act Official Title as Introduced To establish a matched savings program for low-income students. Introduced in House IH Display Title Earn To Learn Act Short Title(s) as Introduced Earn To Learn Act Introduced in House IH Introduced in House 2021-06-24T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-117hr4145ih/xml/BILLS-117hr4145ih.xml 2021-06-24 Referred to the House Committee on Education and Labor. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.