summary
Introduced
02/28/2023
02/28/2023
In Committee
02/28/2023
02/28/2023
Crossed Over
Passed
Dead
01/03/2025
01/03/2025
Introduced Session
118th Congress
Bill Summary
A BILL To restore the exemption of family farms and small businesses from the definition of assets under title IV of the Higher Education Act of 1965.
AI Summary
This bill, the Family Farm and Small Business Exemption Act, seeks to restore the exemption of family farms and small businesses with 100 or fewer full-time employees from being considered as assets under Title IV of the Higher Education Act of 1965. This change would affect how these assets are considered when determining a student's eligibility for federal financial aid. The amendments made by this bill are set to take effect as if they were included in the FAFSA Simplification Act passed in 2020, subject to the effective date and transition provisions specified in that earlier legislation.
Committee Categories
Education
Sponsors (60)
Tracey Mann (R)*,
Mark Alford (R),
Don Bacon (R),
Jim Baird (R),
Troy Balderson (R),
Jack Bergman (R),
Lauren Boebert (R),
Mike Bost (R),
Kat Cammack (R),
Yadira Caraveo (D),
Lori Chavez-DeRemer (R),
Ben Cline (R),
Jim Costa (D),
Angie Craig (D),
Sharice Davids (D),
Don Davis (D),
Scott DesJarlais (R),
John Duarte (R),
Jake Ellzey (R),
Randy Feenstra (R),
Brad Finstad (R),
Scott Fitzgerald (R),
Brian Fitzpatrick (R),
Chuck Fleischmann (R),
Mike Flood (R),
Scott Franklin (R),
Marie Gluesenkamp Pérez (D),
Sam Graves (R),
Michael Guest (R),
Harriet Hageman (R),
Ashley Hinson (R),
Ann Kuster (D),
Darin LaHood (R),
Nick LaLota (R),
Doug LaMalfa (R),
Jake LaTurner (R),
Mike Lawler (R),
Julia Letlow (R),
Frank Lucas (R),
Blaine Luetkemeyer (R),
Kathy Manning (D),
Michael McCaul (R),
Dan Meuser (R),
Mary Miller (R),
Mariannette Miller-Meeks (R),
Barry Moore (R),
Jim Moylan (R),
Zach Nunn (R),
Jimmy Panetta (D),
Guy Reschenthaler (R),
John Rose (R),
David Rouzer (R),
Hillary Scholten (D),
Austin Scott (R),
Adrian Smith (R),
Eric Sorensen (D),
Greg Steube (R),
G.T. Thompson (R),
David Valadao (R),
Derrick Van Orden (R),
Last Action
Referred to the House Committee on Education and the Workforce. (on 02/28/2023)
Bill Topics
Education
- ‐ Higher Education
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location | Created |
|---|---|---|
| State Bill Page | https://www.congress.gov/bill/118th-congress/house-bill/1250/all-info | 03/01/2023 |
| BillText | https://www.congress.gov/118/bills/hr1250/BILLS-118hr1250ih.pdf | 03/16/2023 |
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