II 110th CONGRESS 1st Session S. 707 IN THE SENATE OF THE UNITED STATES February 28, 2007 Mrs. Boxer (for herself and Mrs. Feinstein) introduced the following bill; which was read twice and referred to the Committee on Health, Education, Labor, and Pensions A BILL To provide all low-income students with the same opportunity to receive a Pell Grant by suspending the tuition sensitivity provision in the Pell Grant program.

1.

Short title

This Act may be cited as the Pell Grant Equity Act of 2007.

2.

Tuition sensitivity

Section 401(b)(3) of the Higher Education Act of 1965 (20 U.S.C. 1070a(b)(3)) is amended by adding at the end the following new subparagraph: (C)This paragraph shall not apply to the determination of a student's basic grant for the 2007–2008 academic year. .

3.

Guarantee agency collection retention

Clause (ii) of section 428(c)(6)(A) of the Higher Education Act of 1965 (20 U.S.C. 1078(c)(6)(A)(ii)) is amended to read as follows: (ii)an amount equal to 24 percent of such payments for use in accordance with section 422B, except that— (I)beginning October 1, 2003 and ending September 30, 2007, this subparagraph shall be applied by substituting 23 percent for 24 percent; and (II)beginning October 1, 2007 and ending September 30, 2008, this subparagraph shall be applied by substituting 22 percent for 24 percent. .