3.0.0 5106 2023-01-11T13:31:32Z 2023-01-11T13:31:32Z House HR 2016-04-28 114 [Congressional Record Volume 162, Number 66 (Thursday, April 28, 2016)]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Ms. DUCKWORTH:H.R. 5106.Congress has the power to enact this legislation pursuantto the following:Article I, Section 8, Clause 18, of the Constitution ofthe United States[Page H2110]]]> hsed00 Education and the Workforce Committee House Standing hsed13 Higher Education and Workforce Development Subcomittee Referred to 2016-09-19T14:26:32Z Referred to 2016-04-28T14:01:30Z hsii00 Natural Resources Committee House Standing hsii06 Energy and Mineral Resources Subcommittee Referred to 2016-05-06T21:48:10Z Referred to 2016-04-28T14:01:40Z hswm00 Ways and Means Committee House Standing Referred to 2016-04-28T14:01:35Z In the Red Act of 2016 114 2677 S 2016-03-15 Read twice and referred to the Committee on Finance. Identical bill CRS Bank on Students Emergency Loan Refinancing Act 114 793 S 2015-03-18 Read twice and referred to the Committee on Finance. (Sponsor introductory remarks on measure: CR S1632-1633) Related bill CRS Stop Subsidizing Multimillion Dollar Corporate Bonuses Act 114 2103 HR 2015-04-29 Referred to the House Committee on Ways and Means. Related bill CRS Carried Interest Fairness Act of 2015 114 2889 HR 2015-06-25 Referred to the House Committee on Ways and Means. Related bill CRS America's College Promise Act of 2015 114 2962 HR 2015-11-16 Referred to the Subcommittee on Higher Education and Workforce Training. Related bill CRS Stop Subsidizing Multimillion Dollar Corporate Bonuses Act 114 1127 S 2015-04-29 Read twice and referred to the Committee on Finance. (Sponsor introductory remarks on measure:CR S2532) Related bill CRS Carried Interest Fairness Act of 2015 114 1686 S 2015-06-25 Read twice and referred to the Committee on Finance. Related bill CRS America's College Promise Act of 2015 114 1716 S 2015-07-08 Read twice and referred to the Committee on Health, Education, Labor, and Pensions. Related bill CRS American Opportunity Tax Credit Reform Act 114 6237 HR 2016-09-28 Referred to the House Committee on Ways and Means. Related bill CRS Paying a Fair Share Act of 2015 114 362 HR 2015-01-14 Referred to the House Committee on Ways and Means. Related bill CRS Paying a Fair Share Act of 2015 114 161 S 2015-01-13 Read twice and referred to the Committee on Finance. Related bill CRS 2016-09-19 hsed13 Higher Education and Workforce Development Subcomittee 1 House committee actions Referred to the Subcommittee on Higher Education and Workforce Training. Committee 2016-05-06 hsii06 Energy and Mineral Resources Subcommittee 1 House committee actions Referred to the Subcommittee on Energy and Mineral Resources. Committee 2016-04-28 Referred to the Committee on Education and the Workforce, and in addition to the Committees on Ways and Means, and Natural Resources, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. IntroReferral H11100 2 House floor actions hsii00 Natural Resources Committee 2016-04-28 Referred to the Committee on Education and the Workforce, and in addition to the Committees on Ways and Means, and Natural Resources, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. IntroReferral H11100 2 House floor actions hswm00 Ways and Means Committee 2016-04-28 Referred to the Committee on Education and the Workforce, and in addition to the Committees on Ways and Means, and Natural Resources, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. IntroReferral H11100-A 9 Library of Congress 2016-04-28 Referred to the Committee on Education and the Workforce, and in addition to the Committees on Ways and Means, and Natural Resources, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. IntroReferral H11100 2 House floor actions hsed00 Education and the Workforce Committee 2016-04-28 Introduced in House IntroReferral Intro-H 9 Library of Congress 2016-04-28 Introduced in House IntroReferral 1000 9 Library of Congress D000622 Rep. Duckworth, Tammy [D-IL-8] Tammy Duckworth D IL 8 N S000185 Rep. Scott, Robert C. "Bobby" [D-VA-3] Robert Scott D VA C. "Bobby" 3 2016-04-28 True H000636 Rep. Hinojosa, Ruben [D-TX-15] RUBEN HINOJOSA D TX 15 2016-04-28 True C001069 Rep. Courtney, Joe [D-CT-2] Joe Courtney D CT 2 2016-04-28 True Education Academic performance and assessments Accounting and auditing Capital gains tax Corporate finance and management Education of the disadvantaged Education programs funding Employee benefits and pensions Energy revenues and royalties Financial services and investments Foreign and international corporations Government lending and loan guarantees Higher education Income tax deductions Income tax exclusion Income tax rates Indian social and development programs Inflation and prices Legislative rules and procedure Marine and coastal resources, fisheries Minority education Oil and gas Securities Senate Student aid and college costs Tax administration and collection, taxpayers Taxation of foreign income Vocational and technical education Wages and earnings Education 00 2016-04-28 Introduced in House 2017-01-31T15:19:44Z In the Red Act of 2016

This bill authorizes and appropriates specified funds to the Department of Education (ED) for FY2016-FY2025 and each succeeding year for grants: (1) to waive tuition and fees for eligible students at community colleges, and (2) to waive or reduce tuition and fees for low-income students at four-year historically black colleges and universities and other minority-serving institutions.

It amends title IV (Student Assistance) of the Higher Education Act of 1965 to direct ED to establish a program to refinance outstanding federal student loans for borrowers of Direct Loan program loans disbursed before July 1, 2016, and Federal Family Education Loan (FFEL) program loans. (FFELs were not disbursed after June 30, 2010.)

The bill modifies, for academic year 2018-2019 and succeeding years, the calculation of the mandatory add-on amount used to determine the total maximum Federal Pell Grant award.

It also amends various provisions of the Internal Revenue Code to, among other things: (1) expand the expenses eligible for the American Opportunity Tax Credit to include the amount of a Federal Pell Grant used to pay for living expenses; and (2) include, as a qualified scholarship excludible from gross income, any amount received as a Federal Pell Grant.

Finally, the bill amends the Energy Policy Act of 2005 to repeal royalty relief for: (1) deep gas wells in shallow waters of the Gulf of Mexico, and (2) deep water oil and gas leases in the central and western Gulf of Mexico.

]]> In the Red Act of 2016 Display Title In the Red Act of 2016 Official Title as Introduced To make college more affordable, reduce student debt, and provide greater access to higher education for all students of the United States. Introduced in House IH Short Titles as Introduced In the Red Act of 2016 Introduced in House 2016-04-28T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-114hr5106ih/xml/BILLS-114hr5106ih.xml 2016-09-19 Referred to the Subcommittee on Higher Education and Workforce Training. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.