A bill to provide for the establishment and operation of a national lottery to reduce the Federal deficit and to establish and finance a National competitive scholarship system and a program to provide merit pay bonuses for elementary and secondary teachers.
National Lottery Act - Directs the President to appoint, by and with the advice and consent of the Senate, a Lottery Commissioner, who shall establish and operate a national lottery. Requires the Lottery Commissioner to: (1) deposit receipts from the sale of national lottery tickets into the general fund of the Treasury; (2) report to the Congress every six months; and (3) issue regulations and begin operation of the national lottery as soon as practicable.
Sets forth requirements for the Lottery Commissioner to issue licenses to persons to operate as national lottery sales agents.
Sets forth penalties for the illegal sale of lottery tickets and for the alteration of any lottery ticket.
Establishes the National Lottery Trust Fund for expenditures of: (1) establishing and operating the national lottery; (2) paying prizes; (3) conducting a national achievement test for high school seniors; (4) conducting a national achievement test for students in first grade through twelfth grade; (5) college scholarship payments and merit pay for bonuses for teachers; and (6) reducing the principal on the Federal debt.
Requires the publication in the Congressional Record of information with respect to the educational programs under this Act.
Introduced in House
Introduced in House
Referred to House Committee on Education and Labor.
Referred to House Committee on The Judiciary.
Referred to House Committee on Ways and Means.
Referred to Subcommittee on Administrative Law and Governmental Relations.
Referred to Subcommittee on Elementary, Secondary and Vocational Education.
Referred to Subcommittee on Postsecondary Education.
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