<?xml version="1.0" encoding="UTF-8"?><BillSummaries>
<item congress="116" measure-type="hr" measure-number="5363" measure-id="id116hr5363" originChamber="HOUSE" orig-publish-date="2019-12-09" update-date="2020-01-08">
<title>FUTURE Act</title>
<summary summary-id="id116hr5363v49" currentChamber="BOTH" update-date="2020-01-08">
<action-date>2019-12-19</action-date>
<action-desc>Public Law</action-desc>
<summary-text><![CDATA[<p><b>Fostering Undergraduate Talent by Unlocking Resources for Education Act or the FUTURE Act</b> </p> <p> This bill permanently authorizes funding for minority-serving institutions of higher education and increases the authorization of appropriations for Pell Grants.</p> <p>This bill directs the Internal Revenue Service (IRS), upon the written request of the Department of Education (ED), to disclose to any authorized person, tax return information to determine eligibility for recertifications for income-contingent or income-based repayments of student loans, discharges of loans based on total and permanent disability, and the amount of student financial aid under the Higher Education Act of 1965. The IRS must also establish and implement procedures for recertifying income for purposes of this bill and for requesting tax return information. </p> <p>The bill requires ED and the IRS to issue joint reports to Congress on this bill, including an update on the status of implementation of this bill and an evaluation of how such implementation affected the processing of applications for financial aid and discharge of student loans. </p>]]></summary-text>
</summary>
<summary summary-id="id116hr5363v55" currentChamber="SENATE" update-date="2020-01-08">
<action-date>2019-12-10</action-date>
<action-desc>Passed Senate</action-desc>
<summary-text><![CDATA[<p><b>Fostering Undergraduate Talent by Unlocking Resources for Education Act or the FUTURE Act</b> </p> <p> This bill permanently authorizes funding for minority-serving institutions of higher education and increases the authorization of appropriations for Pell Grants.</p> <p>This bill directs the Internal Revenue Service (IRS), upon the written request of the Department of Education (ED), to disclose to any authorized person, tax return information to determine eligibility for recertifications for income-contingent or income-based repayments of student loans, discharges of loans based on total and permanent disability, and the amount of student financial aid under the Higher Education Act of 1965. The IRS must also establish and implement procedures for recertifying income for purposes of this bill and for requesting tax return information. </p> <p>The bill requires ED and the IRS to issue joint reports to Congress on this bill, including an update on the status of implementation of this bill and an evaluation of how such implementation affected the processing of applications for financial aid and discharge of student loans. </p>]]></summary-text>
</summary>
<summary summary-id="id116hr5363v53" currentChamber="HOUSE" update-date="2020-01-08">
<action-date>2019-12-10</action-date>
<action-desc>Passed House</action-desc>
<summary-text><![CDATA[<p><b>Fostering Undergraduate Talent by Unlocking Resources for Education Act or the FUTURE Act</b> </p> <p> This bill permanently authorizes funding for minority-serving institutions of higher education and increases the authorization of appropriations for Pell Grants.</p> <p>This bill directs the Internal Revenue Service (IRS), upon the written request of the Department of Education (ED), to disclose to any authorized person, tax return information to determine eligibility for recertifications for income-contingent or income-based repayments of student loans, discharges of loans based on total and permanent disability, and the amount of student financial aid under the Higher Education Act of 1965. The IRS must also establish and implement procedures for recertifying income for purposes of this bill and for requesting tax return information. </p> <p>The bill requires ED and the IRS to issue joint reports to Congress on this bill, including an update on the status of implementation of this bill and an evaluation of how such implementation affected the processing of applications for financial aid and discharge of student loans. </p>]]></summary-text>
</summary>
<summary summary-id="id116hr5363v00" currentChamber="HOUSE" update-date="2020-01-03">
<action-date>2019-12-09</action-date>
<action-desc>Introduced in House</action-desc>
<summary-text><![CDATA[<p><b>Fostering Undergraduate Talent by Unlocking Resources for Education Act or the FUTURE Act</b></p> <p>This bill permanently authorizes funding for minority-serving institutions of higher education and increases the authorization of appropriations for Pell Grants.</p>]]></summary-text>
</summary>
</item>
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<dc:language>EN</dc:language>
<dc:rights>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.</dc:rights>
<dc:contributor>Congressional Research Service, Library of Congress</dc:contributor>
<dc:description>This file contains bill summaries 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.</dc:description>
</dublinCore>
</BillSummaries>
