Bill

Bill > HR1250


US HR1250

US HR1250
Family Farm and Small Business Exemption Act


summary

Introduced
02/28/2023
In Committee
02/28/2023
Crossed Over
Passed
Dead
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

bill text


bill summary

Loading...

bill summary

Loading...

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
Loading...