3.0.0
1250
2025-12-05T08:59:42Z
2025-12-05T08:59:42Z
House
H
HR
2023-02-28
118
https://www.congress.gov/bill/118th-congress/house-bill/1250
[Congressional Record Volume 169, Number 38 (Tuesday, February 28, 2023)][House]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. MANN:H.R. 1250.Congress has the power to enact this legislation pursuantto the following:Article 1, Section 8 of the U.S. Constitution.The single subject of this legislation is:Amending the Higher Education Act to exempt family farm andsmall business assets from FAFSA eligibility.[Page H971]
- hsed00
Education and Workforce Committee
House
Standing
  - Referred To
2023-02-28T15:03:40Z

- Family Farm and Small Business Exemption Act
118
1237
S
2023-04-20
Read twice and referred to the Committee on Health, Education, Labor, and Pensions.
  - Identical bill
CRS
- 2023-02-28
Referred to the House Committee on Education and the Workforce.
IntroReferral
H11100
2
House floor actions
  - hsed00
Education and Workforce Committee
- 2023-02-28
Introduced in House
IntroReferral
Intro-H
9
Library of Congress
- 2023-02-28
Introduced in House
IntroReferral
1000
9
Library of Congress
- M000871
Rep. Mann, Tracey [R-KS-1]
Tracey
Mann
R
KS
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N
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Panetta
D
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19
2023-02-28
True
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Donald
Davis
D
NC
G.
1
2023-02-28
True
- M001212
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Moore
R
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2023-02-28
True
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Mary
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R
IL
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15
2023-02-28
True
- C001135
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Chavez-DeRemer
R
OR
5
2023-02-28
True
- M001204
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Meuser
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PA
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2023-02-28
True
- C001039
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Cammack
R
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2023-02-28
True
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Ellzey
R
TX
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2023-02-28
True
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Michael
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R
MS
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2023-02-28
True
- H001096
Rep. Hageman, Harriet M. [R-WY-At Large]
Harriet
Hageman
R
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0
2023-02-28
True
- M001219
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James
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GU
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0
2023-02-28
True
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2023-02-28
True
- S001225
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D
IL
17
2023-02-28
True
- B001301
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Jack
Bergman
R
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2023-02-28
True
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R
CA
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2023-02-28
True
- L000491
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FRANK
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OK
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2023-02-28
True
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2023-02-28
True
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2023-02-28
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NE
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2023-02-28
True
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C.
Franklin
R
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2023-02-28
True
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2023-02-28
True
- M001215
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2023-02-28
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- G000600
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D
WA
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2023-02-28
True
- M001157
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R
TX
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2023-02-28
True
- S001189
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2023-02-28
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R
FL
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2023-02-28
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2023-02-28
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2023-02-28
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2023-03-01
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2023-03-08
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- C001119
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2023-03-17
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2023-03-17
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- S001221
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Hillary
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D
MI
J.
3
2023-03-17
False
- F000471
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Scott
Fitzgerald
R
WI
5
2023-04-13
False
- G000546
Rep. Graves, Sam [R-MO-6]
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R
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2023-04-13
False
- F000466
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K.
1
2023-05-05
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- R000610
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2023-05-09
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- C001118
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2023-05-11
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2023-05-15
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2023-05-16
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2023-05-17
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2023-05-25
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- L000598
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R
NY
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2023-06-12
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R
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2023-07-17
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R
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2023-08-15
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2023-09-12
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2023-09-14
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2023-09-20
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Luetkemeyer
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2023-09-20
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Rep. Baird, James R. [R-IN-4]
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R
IN
R.
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2023-09-22
False
- L000599
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Michael
Lawler
R
NY
17
2023-11-13
False
- D000633
Rep. Duarte, John S. [R-CA-13]
John
Duarte
R
CA
S.
13
2023-11-30
False
- V000135
Rep. Van Orden, Derrick [R-WI-3]
Derrick
Van Orden
R
WI
3
2023-12-04
False
- D000629
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Sharice
Davids
D
KS
3
2023-12-04
False
- R000612
Rep. Rose, John W. [R-TN-6]
John
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TN
W.
6
2023-12-05
False
- K000382
Rep. Kuster, Ann M. [D-NH-2]
Ann
Kuster
D
NH
M.
2
2024-06-04
False
Education
- Government lending and loan guarantees
2025-04-23T17:11:08Z
- Rural conditions and development
2025-04-23T17:11:08Z
- Small business
2025-04-23T17:11:08Z
- Student aid and college costs
2025-04-23T17:11:08Z
Education
2023-03-21T22:45:48Z
00
2023-02-28
Introduced in House
2023-06-12T18:37:15Z
Family Farm and Small Business Exemption Act
This bill restores an exemption for certain family farms and small businesses under the Free Application for Federal Student Aid (FAFSA). The bill applies to the net worth of (1) a family farm on which the family resides, or (2) a small business with not more than 100 full-time or full-time equivalent employees that is owned and controlled by the family.
Prior to recent changes made to FAFSA, the net worth of these family farms and small businesses were excluded as assets when calculating a student's financial need to determine federal student aid eligibility. Beginning with the 2024-2025 academic year, the net worth of these farms and businesses will be treated as an asset and therefore included in the calculation. This bill restores the exemption to exclude such net worth from the calculation.

Family Farm and Small Business Exemption Act
- Display Title
45

Family Farm and Small Business Exemption Act
2024-06-11T16:15:59Z
- Short Title(s) as Introduced
101

Family Farm and Small Business Exemption Act
2024-05-24T13:42:02Z
Introduced in House
IH
- Official Title as Introduced
6

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.
2024-03-18T20:23:18Z
Introduced in House
IH
- Introduced in House
2023-02-28T05:00:00Z
  - https://www.govinfo.gov/content/pkg/BILLS-118hr1250ih/xml/BILLS-118hr1250ih.xml
2023-02-28
Referred to the House Committee on Education and the Workforce.
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.
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