Tax on private school funds raises money for job training.
S. 4907 — TRADES Act · Filed by Ashley Moody (R-FL) · Introduced Jun 24, 2026 · Referred to committee
Your members of Congress
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What it does
The bill raises a federal tax on private schools. The tax goes from 8% to 15% on money schools earn from investments. All money from this tax goes to job training programs. These programs teach skills like trades and work apprenticeships.
Who it affects
Private schools with large investment funds pay more in taxes. Working-class and lower-income students get access to more job training programs. Job training programs get more money to run.
One thing to notice
The tax only hits private schools, not public schools. Money for job training depends on school investment earnings. Funding could shift year to year based on those earnings.
From the analysis of the bill text, linked under Primary records below.
Where it stands
- Jun 24, 2026 — Introduced · Congress.gov: “Introduced in Senate”
- Jun 24, 2026 — Referred to Senate Committee on Finance · Congress.gov: “Read twice and referred to the Committee on Finance”
Dates and quoted wording are Congress.gov's action record; the timeline shows status changes, not every procedural step.
Money around this bill
1 groups reported lobbying about this bill. They filed 1 reports from Jun 2026 to Jun 2026.
Those reports show $216,377 in lobbying spending. Each report lists about 101 bills. So that money was not all for this bill.
More groups named this bill than 0% of bills with any report.
Ashley Moody, who sponsored the bill, received $2,234,100 from PACs for the 2026 election.
- Associated General Contractors of America — $216,377 in 1 report
Lobbying is legal. These reports show who lobbied about this bill, not what changed.
Words to know
- investment funds — Money a school owns and invests to earn income.
- federal tax — A tax collected by the U.S. government on a specific thing.
- job training programs — Classes that teach work skills like trades and apprenticeships.
- lobbying — Trying to influence lawmakers about a bill. Companies and groups pay people to do this.
- PACs — Groups that collect money and give it to candidates for office.
- sponsored — To sponsor a bill is to introduce it in Congress and put your name on it.
How this was measured
Analysis — Quorum's AI read the bill text published by Congress.gov (1,105 characters) on Aug 11, 2026. Section numbers in the findings refer to that text, linked below; transparency and hidden-provision scores are compared against the median of 14,707 analysed bills.
Status and sponsors — Congress.gov's bill record — actions, committee referrals and cosponsors — loaded nightly. The timeline shows status changes, not every procedural action.
Money — Senate Lobbying Disclosure Act filings whose specific-issue field names this bill for quarters ending Jun 2026 to Jun 2026. A filing's amount is reported whole beside the median number of bills a filing names; it is never divided across them. PAC receipts are FEC-reported contributions to the sponsor's candidate committee in the 2026 cycle.
As of — lobbying records through Jul 20, 2026 · page rendered 2026-09-23.
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