[Congressional Record Volume 144, Number 34 (Tuesday, March 24, 1998)]
[Senate]
[Page S2499]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




        THE EDUCATION SAVINGS ACT FOR PUBLIC AND PRIVATE SCHOOLS

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                        GREGG AMENDMENT NO. 2108

  (Ordered to lie on the table.)
  Mr. GREGG submitted an amendment intended to be proposed by him to an 
amendent submitted by Ms. Moseley-Braun to the bill (H.R. 2646) to 
amend the Internal Revenue Code of 1986b to allow tax-free expenditures 
from education individual retirement accounts for elementary and 
secondary school expenses, to increase the maximum annual amount of 
contributions to such accounts, and for other purposes, as follows:

       At the end of the amendment, insert the following:
       (3) Application.--Notwithstanding any other provision of 
     law, the amendments made by this section shall not apply to 
     obligations issued before January 1, 2005, which is the date 
     on which the amount appropriated to carry out part B of the 
     Individuals with Disabilities Education Act (20 U.S.C. 1411 
     et seq.) for a fiscal year should be sufficient to fully fund 
     such part for the fiscal year at the originally promised, by 
     providing to each State 40 percent of the average per-pupil 
     expenditure for providing special education and related 
     services for each child with a disability in the State.

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