To abolish the Department of Education and to provide funding directly to States for elementary and secondary education, and for other purposes.

HR 2691 would abolish the U.S. Department of Education 30 days after enactment, terminating all its programs except the Federal Pell Grant and Direct Loan programs for higher education. It redirects federal funding for elementary and secondary education directly to states through block grants, calculated based on each state's share of national individual income tax payments. States receiving these funds would be required to use them for K-12 education, with no federal restrictions on how they distribute the money. The bill transfers oversight of the remaining higher education programs to the Treasury Secretary. This change would shift control of K-12 education funding from the federal government to state governments.