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 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 <p><b>Family Farm and Small Business Exemption Act</b></p> <p>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.</p> <p>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.</p>

Display Title 45 2024-11-13T12:03:16Z Short Title(s) as Introduced 101 2024-05-24T13:40:42Z Introduced in Senate IS Official Title as Introduced 6 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. 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.