To require a determination and report relating to money laundering and violations of export controls and sanctions in Hong Kong.

House Bill

H.R. 3264

119th Congress

To require a determination and report relating to money laundering and violations of export controls and sanctions in Hong Kong.

In Committee

Introduced:Jun 9, 2025

Primary Sponsor

ADAM SCHIFF

D - CA

Cosponsors

33

Quick Stats

Policy Area

Taxation

Summary

This bill would provide tax credits and increased funding to help support and retain teachers, especially those working in schools serving low-income students. It would give a $1,000 tax credit to eligible teachers, plus an additional amount based on the poverty level of their students' families. The bill would also expand the existing tax deduction for teacher expenses and provide extra funding to school districts that maintain or increase teacher salaries.

Latest Action

Referred to the Committee on Ways and Means, and in addition to the Committee on Education and the 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.

Introduced6/9/2025

StatusReferred to the Committee on Financial Services, and in addition to the Committee on Foreign Affairs

ChamberHouse

Data from Congress.gov

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Vote Prediction

To require a determination and report relating to money laundering and violations of export controls and sanctions in Hong Kong.

This bill would provide tax credits and increased funding to help support and retain teachers, especially those working in schools serving low-income students. It would give a $1,000 tax credit to eligible teachers, plus an additional amount based on the pover

Community Breakdown

Pass

0%

Fail

0%

0 predictions

This bill would provide tax credits and increased funding to help support and retain teachers, especially those working in schools serving low-income students. It would give a $1,000 tax credit to eligible teachers, plus an additional amount based on the poverty level of their students' families. The bill would also expand the existing tax deduction for teacher expenses and provide extra funding to school districts that maintain or increase teacher salaries.

Bill Number: 3264
Introduced: 6/9/2025
Status: Referred to the Committee on Financial Services, and in addition to the Committee on Foreign Affairs
Policy Area: Taxation

Data from Congress.gov

AI-generated summary

Fact Sheet

Title: To require a determination and report relating to money laundering and violations of export controls and sanctions in Hong Kong.
Bill Number: 3264
Sponsor: No sponsor
Status: Referred to the Committee on Financial Services, and in addition to the Committee on Foreign Affairs
Introduced: 6/9/2025
Summary: This bill would provide tax credits and increased funding to help support and retain teachers, especially those working in schools serving low-income students. It would give a $1,000 tax credit to eligible teachers, plus an additional amount based on the poverty level of their students' families. Th

Data from Congress.gov

AI Summary

Plain-English explanation of this bill

This bill would provide tax credits and increased funding to help support and retain teachers, especially those working in schools serving low-income students. It would give a $1,000 tax credit to eligible teachers, plus an additional amount based on the poverty level of their students' families. The bill would also expand the existing tax deduction for teacher expenses and provide extra funding to school districts that maintain or increase teacher salaries.

Last updated: 12/30/2025

Official Summary

Congressional Research Service summary

Respect, Advancement, and Increasing Support for Educators Act of 2023 or the RAISE Act of 2023 This bill allows eligible educators (i.e., any elementary or secondary teacher and any early childhood educator) a refundable tax credit of $1,000 plus an additional amount (based upon a specified student poverty ratio) for eligible educators employed at a qualifying school (i.e., a public elementary or secondary school that is eligible for certain federal assistance or is funded by the Bureau of Indian Education), or an early childhood education program for children receiving certain federal assistance. The bill also increases the amount of the tax deduction for the expenses of elementary and secondary school teachers and expands such credit to include early childhood educators. The bill provides additional funding to local educational agencies that maintain or increase the salaries of their teachers.

Key Points

Main provisions of the bill

Provides a $1,000 refundable tax credit for eligible teachers, plus an additional amount based on student poverty levels
Expands the existing tax deduction for teacher expenses to include early childhood educators
Gives extra funding to school districts that maintain or increase teacher salaries

How This Impacts Americans

Potential effects on citizens and communities

This bill would primarily benefit teachers working in public schools and early childhood education programs, especially those in high-poverty areas. It could help attract and retain teachers in these critical roles by providing financial support. The increased funding for school districts could also lead to higher teacher salaries and better working conditions in some areas.

Policy Areas

Primary Policy Area

Taxation

Scope & Jurisdiction

Jurisdiction Level

federal

Congressional Session

119th Congress

Citation Reference

3264, 119th Congress (2025). "To require a determination and report relating to money laundering and violations of export controls and sanctions in Hong Kong.". Source: Voter's Right Platform. https://votersright.org/bills/118-hr-3264