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Content Details

Fostering Undergraduate Talent by Unlocking Resources for Education Act (FUTURE Act) Implementation

Submitting Agency
Education Department
Additional Submitting Agency(ies)
Treasury Department, Internal Revenue Service
Report Submitted To
Committee-Subcommittee
Category
Executive Agency Publications
Collection
Congressionally Mandated Reports
SuDoc Class Number
ED 1.2:F 81
Publication Date
October 1, 2024
Subject(s)
Student aid and college costs
Computer security and identity theft
Higher education
Education programs funding
Tax administration and collection, taxpayers
Nature of Report
Joint report to Congress about the implementation of the data-exchange provisions of Public Law (P.L.) 116-91, the FUTURE Act, which amended section 6103 of the Internal Revenue Code of 1986 (IRC) and related provisions of the Higher Education Act of 1965 (HEA). This report summarizes the collaboration between ED and Treasury-through the Internal Revenue Service (IRS)-to successfully implement the FUTURE Act direct data exchange (FA-DDX) on July 30, 2023, and associated changes to IDR plans
Legal Authority
Public Law (P.L.) 116-91, Sec. 8; the Fostering Undergraduate Talent by Unlocking Resources for Education Act (FUTURE Act)
When Expected to Be Made
One-time issuance
Date Submitted to Congress
October 1, 2024
Congress
118th Congress
Receiving Chamber(s)
House of Representatives
Senate
Receiving Committee(s)
House Committee on Education and the Workforce
House Committee on Ways and Means
Senate Committee on Finance
Senate Committee on Health, Education, Labor, and Pensions
Date Submitted to GPO
December 17, 2024