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119th Congress
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SENATES. 2273· 119th Congress

Bill to Allow Wyoming to Use Investment Earnings From School Trust Fund

Wyoming Education Trust Modernization Act

Sponsor
Cynthia Lummis (R-WY)
Introduced
Jul 14, 2025
Last Action
Jul 23, 2026

Recorded legislative actions. Future votes are not implied.

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Introduced
Jul 14, 2025
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In Committee
Jul 14, 2025
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In Committee
Dec 2, 2025
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Passed Committee
Dec 17, 2025
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Passed Committee
Jul 23, 2026

AI-assisted analysis based on the official CRS summary. Source version: Feb 10, 2026. Analysis updated: Sep 15, 2026.

01 — The Text

What.

  • Congress created Wyoming's permanent school fund by granting federal lands to the state when it achieved statehood.
  • The fund receives proceeds from sales, exchanges, or disposals of school trust lands.
  • Current law restricts the state to using only interest generated from the fund's principal.
  • The bill would allow Wyoming to use earnings (broader than interest alone) from investment of the fund's principal.
  • This change would give the state more flexibility in managing the fund's resources for public schools.
02 — The Stakes

So what?

  • The bill expands the definition of permissible fund distributions from interest-only to earnings-based withdrawals, increasing available resources for Wyoming's public school funding.
  • The official summary does not quantify the financial impact, project future revenues, or identify specific beneficiaries or costs.
  • No documented effects on school funding levels, student outcomes, or state budget are provided in the summary.
03 — The Path

Now what?

  • Senate Committee on Energy and Natural Resources reported the bill without amendment on July 23, 2026.
  • The bill was placed on the Senate Legislative Calendar as Calendar No. 483 on July 23, 2026.
  • No vote date or further legislative action has been scheduled or recorded.
Legislative History

Actions.

  • Jul 23, 2026 — Placed on Senate Legislative Calendar under General Orders. Calendar No. 483.
  • Jul 23, 2026 — Committee on Energy and Natural Resources. Reported by Senator Lee without amendment. Without written report.
  • Jul 23, 2026 — Committee on Energy and Natural Resources. Reported by Senator Lee without amendment. Without written report.
  • Dec 17, 2025 — Committee on Energy and Natural Resources. Ordered to be reported without amendment favorably.
  • Dec 2, 2025 — Committee on Energy and Natural Resources Subcommittee on Public Lands, Forests, and Mining. Hearings held.
  • Dec 2, 2025 — Committee on Energy and Natural Resources Subcommittee on Public Lands, Forests, and Mining. Hearings held. With printed Hearing: S.Hrg. 119-237.
  • Jul 14, 2025 — Read twice and referred to the Committee on Energy and Natural Resources.
  • Jul 14, 2025 — Introduced in Senate