H.R. 4330

[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[H.R. 4330 Introduced in House (IH)]

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119th CONGRESS
1st Session
H. R. 4330

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.

_______________________________________________________________________

IN THE HOUSE OF REPRESENTATIVES

July 10, 2025

Ms. Jacobs introduced the following bill; which was 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

_______________________________________________________________________

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.

Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. EARLY CHILDHOOD EDUCATION TRUST FUND.

(a) In General.--Subchapter A of Chapter 98 of the Internal Revenue 
Code of 1986 is amended by adding at the end the following new section:

``SEC. 9512. EARLY CHILDHOOD EDUCATION TRUST FUND.

``(a) Creation of Trust Fund.--There is hereby established in the 
Treasury of the United States a trust fund to be known as the Early 
Childhood Education Trust Fund, consisting of such amounts as may be 
appropriated or credited to such Trust Fund as provided in this section 
or section 9602(b).
``(b) Transfer to Trust Fund of Amounts Equivalent to Certain 
Taxes.--There are hereby appropriated to the Early Childhood Education 
Trust Fund 15 percent of the amount equivalent to the taxes received in 
the Treasury under section 2001 in each calendar year, of which not 
less than 25 percent shall be made available to carry out subsection 
(e).
``(c) Expenditures From Trust Fund.--Amounts in the Early Childhood 
Education Trust Fund shall be available to carry out subsection (e).
``(d) Supplemental Appropriation.--Amounts made available under 
this section are authorized in addition to any other amounts authorized 
to carry out the Child Care and Development Block Grant Act of 1990 (42 
U.S.C. 9858m).
``(e) Grants.--From the amounts made available under subsection (c) 
and under the authority of section 658O of the Child Care and 
Development Block Grant Act of 1990 (42 U.S.C. 9858m), the Secretary of 
Health and Human Services shall award to each lead agency a child care 
supply grant, without regard to the requirements in subparagraphs (C) 
and (E) of section 658E(c)(3), and in section 658G, of the Child Care 
and Development Block Grant Act of 1990 (42 U.S.C. 9858c(c)(3), 9858e). 
Such grant shall be allotted in accordance with section 658O of the 
Child Care and Development Block Grant Act of 1990 (42 U.S.C. 
9858m).''.
(b) Clerical Amendment.--The table of sections for subchapter A of 
chapter 98 of such Code is amended by adding at the end the following 
new item:

``Sec. 9512. Early Childhood Education Trust Fund.''.
(c) Effective Date.--The amendments made by this section shall take 
effect on December 31, 2025.

SEC. 2. DEINCREASE IN ESTATE AND GIFT TAX EXEMPTION.

(a) In General.--Section 2010(c)(3) of the Internal Revenue Code of 
1986 is amended--
(1) in subparagraph (A), by striking ``$15,000,000'' and 
inserting ``$7,000,000'', and
(2) in subparagraph (B)--
(A) by striking ``2011'' and inserting ``2026'', 
and
(B) in clause (ii), by striking ``2010'' and 
inserting ``2025''.
(b) Effective Date.--The amendments made by this section shall 
apply to estates of decedents dying and gifts made after December 31, 
2025.
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