A bill to establish an Executive Department to be known as the Department of Education.

Establishes the Department of Education within the Executive branch of the Federal Government to take over specified functions of the Department of Health, Education, and Welfare and all of the functions of the United States Office of Education.

Establishes the Federal Interagency Committee on Education to coordinate all Federal programs affecting education.

Authorizes to be appropriated such sums as may be necessary to carry out the purpose of this Act.