National Competitiveness Education Act

Summary

National Competitiveness Education Act - Title I: Excise Tax on Television Sets - Amends the Internal Revenue Code to impose an excise tax upon the sale of any television set by the manufacturer, producer, or importer of television sets. Sets the rate of such tax at two percent of the sales price. Establishes in the Treasury the "National Competitiveness Education Trust Fund" (trust fund). Transfers to such trust fund revenues raised by such television set excise tax. Title II: Programs Funded by National Competitiveness Education Trust Fund - Part A: National Mathematics and Science Teachers Scholarships - Authorizes the Secretary of Education to make grants to States from funds allotted from such trust fund in order to provide mathematics and science teachers scholarships. Requires States receiving such grants to award such scholarships to secondary and postsecondary students who demonstrate an interest in a teaching career in the fields of mathematics or science at the elementary school or secondary school level. Sets forth standards and procedures for the selection of scholarship recipients. Limits the amount of such scholarships to $5,000 for each academic year (not to exceed four years) of postsecondary education. Requires recipients of such scholarships to teach mathematics or science in a public elementary or secondary school for at least two years after completing the postsecondary education for which the scholarship was awarded. Part B: Mathematics and Science Teachers Summer Fellowships - Authorizes the Secretary to make grants to States from funds allotted from such trust fund in order to provide fellowships for summer study to elementary and secondary school mathematics and science teachers. Sets forth standards and procedures for the selection of fellowship recipients. Limits the amount of such fellowships to $5,000 per summer (not to exceed two summers). Requires recipients of such fellowships to teach mathematics or science in a public elementary or secondary school for at least two years following the award of such a fellowship. Part C: General Provisions - Sets forth standards and procedures for the authorization and allocation of funds from such trust fund. Sets forth defnitions.

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1 official file

• Introduced in Senate

  summary · EN · 12 December 1985

  Open at official source

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