This bill would abolish the Department of Education 30 days after the law takes effect. Most programs then run by the Department would end, except for the Pell Grant program and the William D. Ford Federal Direct Loan Program. Authority to carry out those two higher‑education programs would move to the Secretary of the Treasury.
The bill creates an "Elementary and Secondary Education Grant Program" run by the Treasury. Under that program the Treasury would allocate funds to each State in proportion to the total amount of Federal individual income taxes paid by that State's residents compared with all States, after consultation with the Commissioner of Internal Revenue. States must use the money to support elementary and secondary education. The bill also includes a "sense of Congress" saying States should promote competition and parental choice in education and that parents have the right to choose their children's education.
No publicly available information on estimated costs, funding levels, or detailed budgetary effects appears in the bill text. The bill specifies an allocation formula but does not set dollar amounts or include cost estimates.
The bill's text states the view that States should distribute non-Federal education funds to promote competition and choice, and that parents have a fundamental right to determine the best education for their children.
No publicly available information in the bill text describes opponents' views or objections.