Bill

Bill > S1567


US S1567

US S1567
RETAIN Act Retaining Educators Takes Added Investment Now Act


summary

Introduced
05/11/2023
In Committee
05/11/2023
Crossed Over
Passed
Dead
01/03/2025

Introduced Session

118th Congress

Bill Summary

A bill to amend the Internal Revenue Code of 1986 to address the teacher and school leader shortage in early childhood, elementary, and secondary education, and for other purposes.

AI Summary

This bill, the Retaining Educators Takes Added Investment Now (RETAIN) Act, aims to create a refundable tax credit for early childhood educators, teachers, early childhood education program directors, school leaders, and school-based mental health services providers in early childhood, elementary, and secondary education settings. The credit is designed to reward retention based on the time spent serving high-need students. The bill also requires the development and publication of a data series that captures the average base salaries of teachers in public schools and early childhood educators, disaggregated by various factors.

Committee Categories

Budget and Finance

Sponsors (5)

Last Action

Read twice and referred to the Committee on Finance. (text: CR S1626-1627) (on 05/11/2023)

Bill Topics

Education
  • ‐ Education of Underprivileged or Underrepresented Groups
  • ‐ Elementary and Secondary Education
Macroeconomics
  • ‐ Taxation, Tax Policy, and Tax Reform

bill text


bill summary

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bill summary

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bill summary

Document Type Source Location Created
State Bill Page https://www.congress.gov/bill/118th-congress/senate-bill/1567/all-info 05/12/2023
BillText https://www.congress.gov/118/bills/s1567/BILLS-118s1567is.pdf 05/25/2023
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