3.0.0 3611 2023-01-11T13:40:42Z 2023-01-11T13:40:42Z Senate S 2018-11-13 115 ssfi00 Finance Committee Senate Standing Discharged from 2018-12-20T05:05:10Z Referred to 2018-11-13T20:57:07Z Faster Access to Federal Student Aid Act of 2018 115 7386 HR 2018-12-20 Referred to the Committee on Ways and Means, and in addition to the Committee on Education and the Workforce, 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. Identical bill CRS 2018-12-20 20:30:20 Held at the desk. Floor H15000 2 House floor actions 2018-12-20 Senate Message on Senate action sent to the House. Floor 2018-12-20 12:42:52 Received in the House. Floor H14000 2 House floor actions 2018-12-20 Senate Passed Senate without amendment by Unanimous Consent. Floor 2018-12-20 Passed/agreed to in Senate: Passed Senate without amendment by Unanimous Consent. Floor 17000 9 Library of Congress 2018-12-20 ssfi00 Finance Committee Senate Senate Committee on Finance discharged by Unanimous Consent. Discharge 2018-12-20 Senate Committee on Finance discharged by Unanimous Consent. Committee 14500 9 Library of Congress ssfi00 Finance Committee 2018-11-13 ssfi00 Finance Committee Senate Read twice and referred to the Committee on Finance. IntroReferral 2018-11-13 Introduced in Senate IntroReferral 10000 9 Library of Congress A000360 Sen. Alexander, Lamar [R-TN] Lamar Alexander R TN N W000802 Sen. Whitehouse, Sheldon [D-RI] Sheldon Whitehouse D RI 2018-11-13 True M001111 Sen. Murray, Patty [D-WA] Patty Murray D WA 2018-11-13 True G000562 Sen. Gardner, Cory [R-CO] Cory Gardner R CO 2018-11-13 True C001035 Sen. Collins, Susan M. [R-ME] Susan Collins R ME M. 2018-12-06 False K000383 Sen. King, Angus S., Jr. [I-ME] Angus King I ME S. 2018-12-06 False C001056 Sen. Cornyn, John [R-TX] John Cornyn R TX 2018-12-11 False S000770 Sen. Stabenow, Debbie [D-MI] Debbie Stabenow D MI 2018-12-11 False T000476 Sen. Tillis, Thomas [R-NC] Thomas Tillis R NC Roland 2018-12-11 False H001076 Sen. Hassan, Margaret Wood [D-NH] Maggie Hassan D NH 2018-12-11 False Taxation Census and government statistics Congressional oversight Government information and archives Government lending and loan guarantees Higher education Student aid and college costs Student records Tax administration and collection, taxpayers Taxation 00 2018-11-13 Introduced in Senate 2019-02-26T15:14:39Z Faster Access to Federal Student Aid Act of 2018

This bill requires the Internal Revenue Service (IRS) to disclose certain tax return information to the Department of Education (ED) for the purpose of administering financial aid and loan programs under the Higher Education Act of 1965. (Under current law, students must obtain their own tax return information from the IRS and submit it to ED.)

Upon receiving a request from ED, the IRS must disclose specified tax return information to ED for the purposes of

  • establishing, renewing, administering, and conducting analyses and forecasts for estimating costs related to income-contingent or income-based repayment programs;
  • the discharge of loans based on a total and permanent disability;
  • determining the eligibility for, and the amount of, federal student financial aid; and
  • conducting analyses and forecasts for estimating costs related to federal student financial aid programs.

ED may only use the disclosed information for the purposes above and for mitigating risks related to the programs. Mitigating risks includes activities related to analyzing or estimating costs, conducting oversight, developing statistics, and reducing improper payments. It does not include conducting criminal investigations or prosecutions.

With the consent of the taxpayer, ED may disclose the return information to certain institutions of higher education, state higher education agencies, and scholarship organizations solely for the use in financial aid programs.

The bill also specifies notification and reporting requirements related to the disclosures and the implementation of this bill.

]]> Faster Access to Federal Student Aid Act of 2018 Display Title Faster Access to Federal Student Aid Act of 2018 Official Title as Introduced A bill to amend the Internal Revenue Code of 1986 and the Higher Education Act of 1965 to facilitate the disclosure of tax return information to carry out the Higher Education Act of 1965, and for other purposes. Introduced in Senate IS Short Titles as Introduced Faster Access to Federal Student Aid Act of 2018 Short Titles as Passed Senate Faster Access to Federal Student Aid Act of 2018 S Senate Engrossed in Senate 2018-12-20T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-115s3611es/xml/BILLS-115s3611es.xml Introduced in Senate 2018-11-13T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-115s3611is/xml/BILLS-115s3611is.xml 2018-12-20 Held at the desk. 20:30:20 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.