3(a)(1) of the National Science Foundation 
Act of 1950 (42 U.S.C. 1862(a)(1)).’’. 
(c) USE OF FEE.—Section 286 of the Immigration 
and Nationality Act (8 U.S.C. 1356) is amended by add-
ing at the end the following: 
‘‘(w) STEM EDUCATION AND TRAINING ACCOUNT.— 
‘‘(1) IN GENERAL.—There is established in the 
general fund of the Treasury a separate account, 
which shall be known as the ‘STEM Education and 
Training Account’. Notwithstanding any other sec-
tion of this title, there shall be deposited as offset-
ting receipts into the Account all of the fees col-
lected under section 212(a)(5)(A)(v). 
‘‘(2) PURPOSES.— 
‘‘(A) IN GENERAL.—The purposes of the 
STEM Education and Training Account are to 
enhance the economic competitiveness of the 
United States by— 
‘‘(i) strengthening STEM education, 
including in computer science, at all levels; 
‘‘(ii) ensuring that schools have access 
to well-trained and effective STEM teach-
ers; 
‘‘(iii) supporting efforts to strengthen 
the elementary and secondary curriculum, 
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including efforts to make courses in com-
puter science more broadly available; and 
‘‘(iv) helping colleges and universities 
produce more graduates in fields needed by 
American employers. 
‘‘(B) DEFINED TERM.—In this paragraph, 
the term ‘STEM education’ means instruction 
in a field of science, technology, engineering, or 
math included in the Department of Edu-
cation’s Classification of Instructional Pro-
grams taxonomy within the summary groups of 
computer and information sciences and support 
services, engineering, mathematics and statis-
tics, biological and biomedical sciences, and 
physical sciences. 
‘‘(3) ALLOCATIONS
TO
STATES
AND
TERRI-
TORIES.— 
‘‘(A) IN
GENERAL.—Subject to subpara-
graph (B), the Secretary of Education shall 
proportionately allocate 70 percent of the 
amounts deposited into the STEM Education 
and Training Account each fiscal year to the 50 
States, the District of Columbia, the Common-
wealth of Puerto Rico, Guam, the United States 
Virgin Islands, American Samoa, and the 
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Northern Mariana Islands in an amount that 
bears the same relationship as the proportion 
the State, district, or territory received under 
subpart 2 of part A of title I of the Elementary 
and Secondary Education Act of 1965 (20 
U.S.C. 6331 et seq.) for the preceding fiscal 
year bears to the amount all States and terri-
tories received under that subpart for the pre-
ceding fiscal year. 
‘‘(B) MINIMUM ALLOCATIONS.—No State 
or territory shall receive less than an amount 
equal to 0.5 percent of the total amount made 
available to all States from the STEM Edu-
cation and Training Account. If a State or ter-
ritory does not request an allocation from the 
Account for a fiscal year, the Secretary shall re-
allocate the State’s allocation to the remaining 
States and territories in accordance with this 
paragraph. 
‘‘(C) USE OF FUNDS.—Amounts allocated 
pursuant to this paragraph may be used for the 
activities described in section 2(d) of the Train-
ing Highly Skilled Americans Act of 2015. 
‘‘(4) STEM CAPACITY BUILDING AT MINORITY- 
SERVING INSTITUTIONS.— 
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‘‘(A) IN GENERAL.—The Secretary of Edu-
cation shall allocate 20 percent of the amounts 
deposited into the STEM Education and Train-
ing Account to establish or expand programs to 
award grants to institutions described in sub-
paragraph (C)— 
‘‘(i) to enhance the quality of under-
graduate science, technology, engineering, 
and mathematics education at such institu-
tions; and 
‘‘(ii) to increase the retention and 
graduation rates of students pursuing de-
grees in such fields at such institutions. 
‘‘(B) TYPES
OF
PROGRAMS
COVERED.— 
Grants awarded under this paragraph shall be 
awarded to— 
‘‘(i) minority-serving institutions of 
higher education for— 
‘‘(I) activities to improve courses 
and curriculum in science, technology, 
engineering, and mathematics; 
‘‘(II) efforts to promote gender 
equality among students enrolled in 
such courses; 
‘‘(III) faculty development; 
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‘‘(IV) stipends for undergraduate 
students participating in research; 
and 
‘‘(V) other activities consistent 
with subparagraph (A), as determined 
by the Secretary of Education; and 
‘‘(ii) to other institutions of higher 
education to partner with the institutions 
described in clause (i) for— 
‘‘(I) faculty and student develop-
ment and exchange; 
‘‘(II) research infrastructure de-
velopment; 
‘‘(III) joint research projects; 
and 
‘‘(IV) identification and develop-
ment of minority and low-income can-
didates 
for 
graduate 
studies 
in 
science, technology, engineering, and 
mathematics degree programs. 
‘‘(C) INSTITUTIONS
INCLUDED.—In this 
paragraph, the term ‘institutions’ shall in-
clude— 
‘‘(i) colleges eligible to receive funds 
under the Act of August 30, 1890 (7 
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U.S.C. 321–326a and 328), including 
Tuskegee University; 
‘‘(ii) 1994 Institutions, as defined in 
section 532 of the Equity in Educational 
Land-Grant Status Act of 1994 (7 U.S.C. 
301 note); 
‘‘(iii) part B institutions (as defined 
in section 322 of the Higher Education 
Act of 1965 (20 U.S.C. 1061)); and 
‘‘(iv) Hispanic-serving institutions, as 
defined in section 502(a)(5) of the Higher 
Education 
Act 
of 
1965 
(20 
U.S.C. 
1101a(a)(5)). 
‘‘(D) GRANTING
OF
BONDING
AUTHOR-
ITY.—A recipient of a grant awarded under this 
paragraph is authorized to utilize such funds 
for the issuance of bonds to fund research in-
frastructure development. 
‘‘(E) LOAN FORGIVENESS.—The Director 
may expend funds from the allocation under 
this paragraph for purposes of loan forgiveness 
or repayment of student loans which led to a 
low-income student obtaining a degree in 
science, technology, engineering, mathematics, 
or other high demand fields. 
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‘‘(5) WORKFORCE
INVESTMENT.—The Sec-
retary of Education shall allocate 5 percent of the 
amounts deposited into the STEM Education and 
Training Account to the Secretary of Labor until ex-
pended for statewide workforce investment activities 
that may also benefit veterans and their spouses, in-
cluding youth activities and statewide employment 
and training and activities for adults and dislocated 
workers described in section 128(a) of the Workforce 
Investment Act of 1998 (29 U.S.C. 2853(a)), and 
the development of licensing and credentialing pro-
grams. 
‘‘(6) AMERICAN DREAM ACCOUNTS.—The Sec-
retary of Education shall allocate 3 percent of the 
amounts deposited into the STEM Education and 
Training Account to award grants, on a competitive 
basis, to eligible entities to enable such eligible enti-
ties to establish and administer American Dream 
Accounts under section 2(e) of the Training Highly 
Skilled Americans Act of 2015. 
‘‘(7) ADMINISTRATION
EXPENSES.—The Sec-
retary of Education may expend up to 2 percent of 
the amounts deposited into the STEM Education 
and Training Account for administrative expenses, 
including conducting an annual evaluation of the im-
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plementation and impact of the activities funded by 
the STEM Education and Training Account as re-
quired under section 2(d)(3) of the Training Highly 
Skilled Americans Act of 2015.’’. 
(d) STEM EDUCATION GRANTS.— 
(1) APPLICATION PROCESS.— 
(A) IN
GENERAL.—Each Governor and 
Chief State School Officer desiring an allocation 
from the STEM Education and Training Ac-
count under section 286(w)(3) of the Immigra-
tion and Nationality Act, as added by sub-
section (c), shall jointly submit a plan, includ-
ing a proposed budget, signed by the Governor 
and Chief State School Officer, to the Secretary 
of Education at such time, in such form, and 
including such information as the Secretary of 
Education may prescribe pursuant to subpara-
graph (B). The plan shall describe how the 
State plans to improve STEM education to 
meet the needs of students and employers in 
the State. 
(B) RULEMAKING.—The Secretary of Edu-
cation shall issue a rule, through a rulemaking 
procedure that complies with section 553 of 
title 5, United States Code, prescribing the in-
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formation that should be included in the State 
plans submitted under subparagraph (A). 
(2) ALLOWABLE ACTIVITIES.—A State, district, 
or territory that receives funding from the STEM 
Education and Training Account may use such 
funding to develop and implement science, tech-
nology, engineering, and mathematics (STEM) ac-
tivities to serve students, including students of 
underrepresented groups such as minorities, eco-
nomically disadvantaged, and females by— 
(A) strengthening the State’s STEM aca-
demic achievement standards; 
(B) implementing strategies for the re-
cruitment, training, placement, and retention of 
teachers in STEM fields, including computer 
science; 
(C) carrying out initiatives designed to as-
sist students in succeeding and graduating from 
postsecondary STEM programs; 
(D) improving the availability and access 
to STEM-related worker training programs, in-
cluding community college courses and pro-
grams; 
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(E) forming partnerships with higher edu-
cation, economic development, workforce, indus-
try, and local educational agencies; or 
(F) engaging in other activities, as deter-
mined by the State, in consultation with busi-
nesses and State agencies, to improve STEM 
education. 
(3) NATIONAL EVALUATION.— 
(A) IN
GENERAL.—Using amounts allo-
cated under section 286(w)(7) of the Immigra-
tion and Nationality Act, as added by sub-
section (c), the Secretary of Education shall 
conduct, directly or through a grant or con-
tract, an annual evaluation of the implementa-
tion and impact of the activities funded by the 
STEM Education and Training Account. 
(B) ANNUAL
REPORT.—The Secretary 
shall submit a report describing the results of 
each evaluation conducted under subparagraph 
(A) to— 
(i) the President; 
(ii) the Committee on the Judiciary of 
the Senate; 
(iii) the Committee on the Judiciary 
of the House of Representatives; 
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(iv) the Committee on Health, Edu-
cation, Labor, and Pensions of the Senate; 
and 
(v) the Committee on Education and 
the Workforce of the House of Representa-
tives. 
(C) DISSEMINATION.—The Secretary shall 
make the findings of the evaluation widely 
available to educators, the business community, 
and the public. 
(4) RULE OF CONSTRUCTION.—Nothing in this 
subsection may be construed to permit the Secretary 
of Education or any other Federal official to approve 
the content or academic achievement standards of a 
State. 
(e) AMERICAN DREAM ACCOUNTS.— 
(1) DEFINITIONS.—In this subsection: 
(A) AMERICAN
DREAM
ACCOUNT.—The 
term ‘‘American Dream Account’’ means a per-
sonal online account for low-income students 
that monitors higher education readiness and 
includes a college savings account. 
(B) APPROPRIATE COMMITTEES OF CON-
GRESS.—The term ‘‘appropriate committees of 
Congress’’ means— 
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(i) the Committee on Health, Edu-
cation, Labor, and Pensions of the Senate; 
(ii) the Committee on Appropriations 
of the Senate; 
(iii) the Committee on Finance of the 
Senate; 
(iv) the Committee on Education and 
the Workforce of the House of Representa-
tives; 
(v) the Committee on Appropriations 
of the House of Representatives; 
(vi) the Committee on Ways and 
Means of the House of Representatives; 
and 
(vii) any other committee of the Sen-
ate or House of Representatives that the 
Secretary determines appropriate. 
(C) COLLEGE
SAVINGS
ACCOUNT.—The 
term ‘‘college savings account’’ means a savings 
account that— 
(i) provides some tax-preferred accu-
mulation; 
(ii) is widely available (such as Quali-
fied Tuition Programs under section 529 
of the Internal Revenue Code of 1986 or 
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