Bill > S4726

This bill, the Catch Up Our Kids Act of 2022, aims to alleviate pandemic-related learning loss for students. Key provisions include: 1. Transferring unobligated ESSER (Elementary and Secondary School Emergency Relief) funds to the Department of Education to provide learning loss scholarships to eligible students, which can be used for tuition, tutoring, educational materials, and therapies. 2. Establishing a learning loss tax credit of up to $1,200 per qualifying child for eligible taxpayers (subject to income limits). 3. Allowing employers to exclude from employees' taxable income up to $2,000 per child in educational assistance provided through a qualified program. 4. Temporarily increasing the annual contribution limit to Coverdell Education Savings Accounts from $2,000 to $4,000. 5. Expanding the definition of "qualified expenses" for 529 college savings plans to include various educational resources that can help address pandemic-related learning loss. The bill also includes provisions to protect the rights of parents and the authority of state and local governments in education.

Budget and Finance

https://www.congress.gov/bill/117th-congress/senate-bill/4726/all-info