3.0.0
1237
2025-12-05T08:57:29Z
2025-12-05T08:57:29Z
Senate
S
S
2023-04-20
118
https://www.congress.gov/bill/118th-congress/senate-bill/1237
- sshr00
Health, Education, Labor, and Pensions Committee
Senate
Standing
  - Referred To
2023-04-20T17:00:50Z

- Family Farm and Small Business Exemption Act
118
1250
HR
2023-02-28
Referred to the House Committee on Education and the Workforce.
  - Identical bill
CRS
- 2023-04-20
  - sshr00
Health, Education, Labor, and Pensions Committee
Senate
Read twice and referred to the Committee on Health, Education, Labor, and Pensions.
IntroReferral
- 2023-04-20
Introduced in Senate
IntroReferral
10000
9
Library of Congress
- E000295
Sen. Ernst, Joni [R-IA]
Joni
Ernst
R
IA
N
- T000464
Sen. Tester, Jon [D-MT]
Jon
Tester
D
MT
2023-04-20
True
- G000386
Sen. Grassley, Chuck [R-IA]
Chuck
Grassley
R
IA
2023-04-20
True
- L000571
Sen. Lummis, Cynthia M. [R-WY]
Cynthia
Lummis
R
WY
M.
2023-04-20
True
- R000618
Sen. Ricketts, Pete [R-NE]
Pete
Ricketts
R
NE
2023-04-20
True
- M000934
Sen. Moran, Jerry [R-KS]
Jerry
Moran
R
KS
2023-04-20
True
- B001310
Sen. Braun, Mike [R-IN]
Mike
Braun
R
IN
2023-04-20
True
- M001198
Sen. Marshall, Roger [R-KS]
Roger
Marshall
R
KS
2023-04-25
False
- H001061
Sen. Hoeven, John [R-ND]
John
Hoeven
R
ND
2023-04-26
False
- H001079
Sen. Hyde-Smith, Cindy [R-MS]
Cindy
Hyde-Smith
R
MS
2024-01-24
False
- R000605
Sen. Rounds, Mike [R-SD]
Mike
Rounds
R
SD
2024-01-30
False
- B001236
Sen. Boozman, John [R-AR]
John
Boozman
R
AR
2024-02-29
False
- T000476
Sen. Tillis, Thomas [R-NC]
Thomas
Tillis
R
NC
Roland
2024-11-12
False
Education
- Government lending and loan guarantees
2025-04-23T17:10:35Z
- Rural conditions and development
2025-04-23T17:10:47Z
- Small business
2025-04-23T17:10:41Z
- Student aid and college costs
2025-04-23T17:10:29Z
Education
2023-05-04T13:45:15Z
00
2023-04-20
Introduced in Senate
2023-10-05T19:37:40Z
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
2024-11-13T12:03:16Z
- Short Title(s) as Introduced
101

Family Farm and Small Business Exemption Act
2024-05-24T13:40:42Z
Introduced in Senate
IS
- Official Title as Introduced
6

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.
2024-03-01T09:08:34Z
Introduced in Senate
IS
- Introduced in Senate
2023-04-20T04:00:00Z
  - https://www.govinfo.gov/content/pkg/BILLS-118s1237is/xml/BILLS-118s1237is.xml
2023-04-20
Read twice and referred to the Committee on Health, Education, Labor, and Pensions.
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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