Bill
Bill > HR4330
US HR4330
US HR4330To amend the Internal Revenue Code of 1986 to establish the Early Childhood Education Trust Fund consisting of amounts paid for the estate tax and made available to fund child care services, and for other purposes.
summary
Introduced
07/10/2025
07/10/2025
In Committee
07/10/2025
07/10/2025
Crossed Over
Passed
Dead
Introduced Session
119th Congress
Bill Summary
A BILL To amend the Internal Revenue Code of 1986 to establish the Early Childhood Education Trust Fund consisting of amounts paid for the estate tax and made available to fund child care services, and for other purposes.
AI Summary
This bill establishes the Early Childhood Education Trust Fund by creating a new section in the Internal Revenue Code that will dedicate 15% of estate tax revenues to child care services. Specifically, the bill creates a trust fund in the U.S. Treasury that will receive a portion of estate tax collections, with at least 25% of those funds specifically earmarked for child care grants. The Secretary of Health and Human Services will award child care supply grants to lead agencies, bypassing certain existing requirements in the Child Care and Development Block Grant Act. Simultaneously, the bill reduces the estate and gift tax exemption from $15 million to $7 million, effectively increasing potential tax revenue for the trust fund. The changes are set to take effect on December 31, 2025, and will apply to estates of decedents dying and gifts made after that date. This legislation aims to provide additional funding and support for child care services by leveraging estate tax revenues and modifying existing tax exemption levels.
Committee Categories
Budget and Finance
Sponsors (1)
Last Action
Referred to the Committee on Ways and Means, and in addition to the Committee on Education and Workforce, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. (on 07/10/2025)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.congress.gov/bill/119th-congress/house-bill/4330/all-info |
| BillText | https://www.congress.gov/119/bills/hr4330/BILLS-119hr4330ih.pdf |
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