National Medicare Lottery Act

Summary

National Medicare Lottery Act - Title I: The National Lottery - Establishes the National Lottery Commission to administer an annual lottery for purchasers of series LL savings bonds. Requires the Commission to report annually to the President and the Congress on its activities in carrying out this Act. Establishes the National Medicare, Education, and Child Care Lottery Trust Fund. Appropriates to such Trust Fund certain criminal fines (relating to lotteries) and the excess amounts of interest rates of series EE bonds over series LL bonds for a fiscal year. Establishes series LL savings bonds. Provides that purchasers shall be entered into the national lottery one time for each $25 spent. Declares that the conduct of the national lottery shall be a Federal function. Exempts amounts of lottery prizes from Federal taxation. Title II: Disposition of Lottery Revenues - Requires that 50 percent of the amounts in the Trust Fund be divided equally among: (1) the Federal Hospital Insurance Trust Fund; (2) the Secretary of Education to carry out programs; and (3) the Secretary of Health and Human Services for child care services under the block grant program to States for social services of the Social Security Act. Requires the use of 40 percent to pay prizes and the remaining ten percent for the administration of the national lottery.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

1. 3 January 1989

   Introduced

   Referred to the House Committee on Ways and Means.

   Source: IntroReferral

2. 3 January 1989

   Introduced

   Introduced in House

   Source: IntroReferral

3. 3 January 1989

   Introduced

   Introduced in House

   Source: IntroReferral

4. 17 January 1989

   Referred

   Referred to the Subcommittee on Health.

   Source: Committee

5. 6 February 1989

   Referred

   Referred to the Subcommittee on Health and the Environment.

   Source: Committee

6. 21 February 1989

   Referred

   Referred to the Subcommittee on Elementary, Secondary and Vocational Education.

   Source: Committee

Votes

No vote records are attached yet.

Versions

• Introduced in House · undated · Official file

Documents

2 official files

• Introduced in House (text)

  Introduced in House · EN

  ViewDownloadOpen at official source

• Introduced in House

  summary · EN · 3 January 1989

  Open at official source

Sponsors

• Rep. Collins, Cardiss [D-IL-7] · D · Sponsor
• · hsed00 · Standing
• · hsif00 · Standing
• · hswm00 · Standing

Related records

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