H.R. 8654: Afterschool for All Act

This bill is known as the "Afterschool for All Act." Its primary purpose is to amend the Elementary and Secondary Education Act of 1965 to reauthorize a program called the Nita M. Lowey Community Learning Centers program. Here’s what the bill proposes in simpler terms:

Funding for Community Learning Centers

The bill proposes significantly increasing the funding for the Community Learning Centers program. Specifically, it suggests:

• Changing the current authorized funding from $1 billion for fiscal year 2017 to $10 billion each year for the fiscal years 2026 through 2035.
• This increased funding would be available until it is completely spent.

Changes to Program Name

The legislation aims to update the name of the program from "21st Century Community Learning Centers" to simply reflect the new name, which will be "Community Learning Centers". This update will also be reflected in various legal documents and records associated with the program.

Corporate Tax Rate Adjustment

The bill includes an amendment to the corporate tax rate as specified in the Internal Revenue Code:

• The current corporate tax rate of 21% would be changed to 22%.
• This amendment would take effect for taxable years beginning after the bill is enacted.

Overall Impact

The Afterschool for All Act primarily aims to expand afterschool programs and enhance funding for these educational resources. By increasing financial support, it seeks to provide more opportunities for community learning and development for students outside of regular school hours.

Relevant Companies

• None found