Bill > HR3704

This bill, known as the Children Have Opportunities in Classrooms Everywhere Act, aims to have education funds follow the student. The key provisions of the bill are: 1. It amends the Elementary and Secondary Education Act of 1965 to allow state educational agencies to allocate certain federal grant funds, such as those from Title I, Title II, and Title III, to either the public school the eligible child attends or for expenses related to the child's 529 education savings plan account if they are enrolled in a private school or homeschooled. 2. It defines an "eligible child" as a child from a household with a taxable income not exceeding 130% of the federal poverty level. 3. It establishes a process for parents or guardians to apply for the funds, with the state educational agency then distributing the funds accordingly. 4. It increases the additional tax on the withdrawal of funds from 529 education savings plan accounts that are not used for educational purposes, specifically for amounts attributable to the grants provided under this bill. The overall goal of the bill is to ensure that federal education funding follows the student, regardless of whether they attend a public, private, or homeschool.

Budget and Finance

https://www.congress.gov/bill/117th-congress/house-bill/3704/all-info