A bill to repeal section 1203 of Education Amendments of 1978.

Repeals specified administrative provisions of the Education Amendments of 1978 which provided for: (1) the availability of reliable and comparative data on elementary and secondary education finance both public and nonpublic; (2) the conduct of studies to analyze trends and problems affecting such finance; (3) the development of recommendations for Federal policies to improve the equity and efficiency of Federal and State systems for raising and distributing revenues to support such education; and (4) the establishment of an Advisory Panel on Financing Elementary and Secondary Education.